A decline in earnings anticipated

TRANSPACO, a manufacturer, recycler and distributor of plastic and paper packaging products, released a trading statement informing the market that it expected a decrease of between 18 percent and 23 percent in earnings per share (Eps) and headline earnings per share (Heps) for the year to end June. The group said that this decline would result in it reporting Eps of between 256 cents and 270c a share, down from 332.7c reported last year. The group is also expecting Heps of between 254c and 267c for the year, a decline from 330.1c reported a year ago. Transpaco is expecting to release its results on August 23. – Sandile Mchunu