JSE-listed Adcock Ingram expects continued recovery with a “very satisfying improvement” in earnings per share (EPS) and headline earnings per share (HEPS) for the year ended June 30.
The company expects EPS and HEPS for the year under review to surge 220% and 30% respectively to 324.5c and 297.3c.
This compared favourably with the EPS and HEPS of 101.4c and 228.7c respectively in the prior year.
Adcock, however, highlighted the need to take into account the R200-million of losses incurred on discontinued operations in 2016, as well as the profits of R41-million realised in the first six months of this year from the disposal of the group’s Indian selling and distribution business.
These losses and contributory profits would, in the normal course, be excluded from the comparable measurements of the group’s customary trading operations.