Sea Harvest expects up to 59% rise in interim headline earnings

5th August 2019 By: Tasneem Bulbulia - Senior Contributing Editor Online

JSE-listed Sea Harvest expects to report a 48% to 59% year-on-year increase in headline earnings to between R165-million and R177-million for the six months ended June 30.

The company, which will release its interim results on September 2, on Monday said it expected to report basic earnings per share (EPS) and basic headline earnings per share (HEPS) for the period of between 60c and 64c apiece. 

This represents an increase of between 26% and 34% compared with the EPS of 47.7c and an increase of between 29% and 38% compared with the HEPS of 46.4c, reported for the six months ended June 30, 2018.