Im­pe­rial bullish on rev­enue

The Star Early Edition - - BUSINESS REPORT -

IM­PE­RIAL Hold­ings, the listed trans­port and mo­bil­ity group, ex­pects rev­enue and op­er­at­ing profit for the year to June to be marginally higher than fore­cast in its pre­vi­ous guid­ance to the mar­ket. In May, the group fore­cast a sin­gle-digit in­crease in rev­enue and an un­changed op­er­at­ing profit for the year to June, com­pared with the pre­vi­ous year. It said yes­ter­day that head­line earn­ings a share were ex­pected to be be­tween 11 and 14 per­cent, or be­tween 1 400 cents and 1 360c, in the year to June, com­pared with 1 579c in the pre­vi­ous year. Earn­ings a share were ex­pected to be be­tween 15 and 18 per­cent lower, at be­tween 1 350c and 1 300c, com­pared with 1 581c in the pre­vi­ous year. Core earn­ings a share were ex­pected to be be­tween 6 and 9 per­cent lower, at be­tween 1 635c and 1 595c, com­pared with 1 747c in the pre­vi­ous year. Im­pe­rial said head­line earn­ings a share, earn­ings a share and core earn­ings a share were neg­a­tively af­fected by higher for­eign ex­change losses on var­i­ous monetary items and higher fi­nance costs re­sult­ing from higher costs of fund­ing and higher debt lev­els. – Roy Cokayne

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