Eps expected to be 220% higher
ADCOCK Ingram Holdings said yesterday it expected to report a huge jump in earnings for the year to the end of June, with earnings per share (Eps) and headline earnings per share (Heps) almost gaining more than 220 percent and 30 percent respectively compared with 2016. “The Eps and Heps reported for the year to the end of June 2016 was 101.4 cents and 228.7c respectively. Taking the above into account, the company expects Eps and Heps for the year to the end of June 2017 to be not less than 324.5c and 297.3c respectively, reflecting an increase in Eps of not less than 220 percent and, in the case of Heps, of not less than 30 percent,” the group said in a trading update. Adcock Ingram said it expected to incur a loss of R200 million on discontinued operations for the period, and profits of R41m realised in the first six months of the 2017 financial year on the disposal of the group’s selling and distribution business in India.