JSE-listed Tiger Brands expects its earnings per share (EPS) from total operations for the six months ended March 31 to be between 295% and 305% higher than the EPS of 210c reported for the prior interim period.
Headline earnings per share (HEPS) from total operations for the period are expected to be between 48% and 55% higher than the 489c reported for the prior comparable period.
EPS from continuing operations are expected to be between 120% and 130% higher than the 333c reported in the prior comparable period, while HEPS from continuing operations are expected to be between 15% and 22% higher than the 613c reported in the prior interim period.
Tiger attributes the expected increase in earnings to cost savings achieved in terms of its sales and distribution.
The company will release its results for the interim period on or about May 20.