Quantum Foods expects staggering improvement in EPS
JSE-listed Quantum Foods expects that its earnings per share (EPS) for the six months to March 31 will increase between 556% and 576% in relation to the previous corresponding period, lifting its forecast for the period.
The company reported on Tuesday that this reflected growth in EPS of between 26.1c and 27.2c a share compared with the 2014 period’s 5.7c loss a share.
On March 26, Quantum advised shareholders that EPS for the six-month period ended March 31 were likely to be at least 25.4c a share, reflecting a minimum increase of 544% compared with the previous corresponding period.
It further advised shareholders that headline earnings per share (HEPS) for the period under review had also improved, with the company expecting an increase of between 25.3c and 27.2c a share. This reflected growth of between 172% and 192% on the 9.3c a share reported for the previous corresponding period.
HEPS for the period under review were expected to be at least 25.1c a share in March, indicating a minimum increase of 170% on the previous corresponding period.
Quantum noted that the EPS and HEPS for the previous corresponding period were based on Quantum Foods’ actual number of shares in issue on the date of its JSE listing on October 6, 2014, being 233 248 590 shares.
The financial information for the six months ending March 31 had not been reviewed or reported on by the company’s auditors.
Quantum Foods’ financial results for the period under review were scheduled for release on or about May 25.
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