BCX expects lower H1 basic earnings
JSE-listed Business Connexion (BCX) expects a 63.6% to 67.4% drop in basic earnings per share (EPS) and a 8.3% to 21% hike in headline earnings per share (HEPS) for the six months ended February 28.
The group’s EPS were expected to decrease to between 17c and 19c for the first half of the year, compared with the 52.2c achieved in the corresponding period the year before, BCX reported in an update to shareholders on Friday.
EPS for the period under review would be 15c apiece, excluding a R144.9-million aftertax profit from the sale of QLink.
The HEPS for the period under review would rise to between 17c and 19c for the six months – a rise on the 15.7c reported in the first half of last year.
Excluding the transaction costs emerging from telecommunications giant Telkom’s buy-out of BCX, the company’s normalised diluted HEPS for the period under review would be between 25c and 27c, an increase of between 20.8% and 30.4% when compared with the prior corresponding period.
BCX aimed to publish the interim results on April 16.
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