ISA Holdings, formerly Y3K Group, expects to report a sharp increase in headline earnings per share for the year to end-February.
According to a trading update issued this morning, headline earnings per share (HEPS) are expected to be 45% to 55% higher than in the previous year, when restated to comply with international financial reporting standards (IFRS).
On an IFRS basis, basic earnings per share will be 40% to 50% higher.
The group says the latest IFRS-compliant HEPS will be 125% to 135% higher than the previous reported results, which were prepared according to South African generally accepted accounting practice (GAAP).
The GAAP figures for last year showed HEPS of 3.5c. On a GAAP basis, the increase would be between 65% and 75%.
ISA`s share was trading 3c or 6.7% up at 48c this morning.
Share
