JSE-listed Business Connexion (BCX) on Tuesday said it expected its earnings per share (EPS) for the year ended August 31, to be between 38.7% and 49.9% higher than that of the prior year.
Headline earnings per share (HEPS) were, however, expected to be between 21.1% and 35.7% lower than the HEPS of 34.2c recorded in the previous financial year.
BCX expected to report EPS of between 62c and 67c and HEPS of between 22c and 27c for the full year.
The company noted that, excluding the results of the QLink business, which it had now sold, the prior year’s EPS and HEPS were 37.2c and 26.7c respectively.
Normalised HEPS – excluding the after-tax profit on the sale of the QLink business and amortisation of intangible assets created by the acquisition of subsidiaries and businesses – for the year ended August, were expected to be between 38c and 42c, compared with the 45.4c reported in the prior corresponding period.