Sovereign Food Investments, the holding company of five principal operation within the broiler industry, expects its earnings per share (EPS) and headline earnings per share (HEPS) for the year ended February 28, 2015, to be more than 50% higher than the previous corresponding period.
The JSE-listed company advised shareholders on Thursday that EPS and HEPS were expected to be at least 87.8c, up from 58.5c in 2014, and 90.3c, up from 60.2c in 2014, respectively.
Sovereign would provide an updated trading statement range when there was a more reasonable degree of certainty.
Shareholders were also advised that the company was awaiting a decision on a certain legal matter that, if favourable towards Sovereign, would further increase its earnings.
The company expected to publish its results for the year ended February 28, 2015, on or about May 15.