Ellerine Holdings advised on Wednesday that it expects growth in headline earnings of between 70% and 75% and headline earnings per share of between 25% and 30% for the year ending in August.
Ellerine’s results for the 12 months include 12 months of Relyant Retail, which was acquired on May 7 through the issue of 42,9-million new ordinary shares, compared with four months in the comparative year.
Attributable earnings per share will be between 20% and 25% higher than that of the prior year, which included the capital gain of R53,8-million on the sale of certain group properties, the company said.
The company is due to release its results on or about November 6. – I-Net Bridge