JSE-listed Wilson Bayly Holmes-Ovcon (WBHO) expects an increase in earnings for the year ended June 30.
Headline earnings a share are expected to increase 20% to 30% to between 1 309c and 1 418c for the 12 months under review, compared with the restated 1 090.7c a share reported in the 2015 financial year.
In a trading update to shareholders on Friday, the company said earnings a share in the period under review would be 50% to 60% higher than the restated 893.6c apiece achieved in the prior year.
“The significant increase in earnings a share from continuing operations is attributable to normalised earnings generated from Australia. The smaller increase anticipated in respect of earnings a share from total operations at June is owing to the loss recognised on the disposal of Capital Star Steel,” WBHO said.
WBHO will release its full-year results on September 5.