JSE-listed Ellies Holdings expects earnings to surge by at least 80% in the first half of the year.
The group told shareholders that both headline and earnings per share will grow by at least 80% in the six months to October. Companies are required by JSE rules to alert shareholders once they expect that earnings will differ by at least 20%.
However, it notes that: "There is not a reasonable degree of certainty at this stage as to the range, within 20%, by which the earnings per share and headline earnings per share will be higher than those of the previous corresponding period."
Ellies will provide more specific information once it has a reasonable degree of certainty.
In the first half of last year, Ellies reported revenue of R721 million and said basic earnings per share came in at 21.01c, while headline earnings per share was 20.98c.
For the full year to April, Ellies reported a revenue gain of 30%, to R1.7 billion, although net profit leapt 74.5%, to R116 million. The company ended the year with R142 million in the bank, a gain on last year's R25 million, and declared a 10c a share dividend.
Share
