Adcock expects higher H1 earnings

16th January 2018

By: Natasha Odendaal

Creamer Media Senior Deputy Editor

     

Font size: - +

JSE-listed Adcock Ingram expects double-digit increases in its earnings for the six months ended December 31, the healthcare company announced on Tuesday.

Headline earnings a share for the half-year under review are expected to be at least 27%, or 40c apiece, higher than the 148.6c achieved in the prior year’s corresponding period.

Similarly, earnings a share are likely to increase by 12%, or 20c apiece, in the first half of the year, compared with the 168.9c reported in the six-month period ended December 31, 2016.

“The difference of 20.3c substantially arose through certain non-trading capital profits on the disposal of the group’s business in India during October 2016,” the company said in a statement.

Adcock will publish a more defined range of expected earnings in due course.

Edited by Creamer Media Reporter

Comments

The content you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION