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Litha posts healthy earnings rise

Feb 15 2011 15:56
I-Net Bridge
ohannesburg - Litha Healthcare Group [JSE:LHG] on Tuesday said that its headline earnings per share for the year ended December 31 2010 will be between 130% and 150% higher than headline earnings per share for the seven months ended December 31 2009.

Earnings per share for the year ended December 31 2010 will be between 110% and 130% higher than earnings per share for the seven months ended December 31 2009.

The company said that was partly due to the current year incorporating results from trading for a full 12 months, compared with the previous comparative period which had incorporated results from trading for seven months.

The company had changed its year-end from May 31 to December 31 in 2009.

"If the headline earnings per share and earnings per share for the seven months ended December 31 2009 were annualised for comparative purposes, headline earnings per share for the year ended December 31 2010 would be between 30% and 50% higher than the annualised headline earnings for the period ended December 2009; and earnings per share for the year ended December 31 2010 would be between 20% and 40% higher than the annualised earnings per share for the period ended December 2009," Litha said in a trading update.


litha healthcare group  |  healthcare

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