JSE-listed FrontRange says its earnings per share (EPS) and headline earnings per share (HEPS) for the year to 30 June will be better than those of last year.
FrontRange, whose only operating asset is wholly owned US subsidiary FrontRange Solutions, says in a trading update to shareholders that it expects to report a "substantial" increase in both EPS and HEPS.
In terms of JSE listing requirements, this refers to an improvement of at least 30%.
The company has not provided any reasons for the increase, but says details will be provided when the results are published on 17 August.
Last year the group achieved a turnaround in its financial performance, reporting HEPS of 16.1c, compared with the previous year`s headline loss of 104.4c a share. EPS of 0.7c compared with a prior-year loss of 140c a share.
A previous operating loss of R140.07 million on continuing operations was turned into a profit of R0.36 million.
Share
