• Voter paralysis

    With so much tilting voters against change, democratic reason is the loser, says Solly Moeng.

  • The power of perseverance

    True grit is a reliable predictor of who will achieve success in life, says Ian Mann.

  • It's the system

    The system sucks and it’s being used far too often as an excuse, says Mandi Smallhorne.

All data is delayed
Loading...
See More

Cipla Medpro expects profit hike

Aug 11 2011 07:56
Sapa
 Johannesburg  - Pharmaceutical group Cipla Medpro South Africa [JSE:CMP] advised on Thursday that it expects earnings per share (EPS) and headline earnings per share (HEPS) for the six months ended 30 June 2011 to be between 68% and 75% higher than the EPS and HEPS for the prior corresponding period.

The group said in a trading statement that the case against Pfizer Ltd and Pfizer Laboratories (Pty) Ltd, reported on SENS during October 2010, has been settled in its favour and that this has positively affected the EPS and HEPS calculations but should be viewed as an isolated occurrence.

"The settlement income has been accounted for in our statement of comprehensive income however the terms thereof remain confidential. On a normalised basis, after adjusting for the settlement income received, the full effect of the fair value adjustment on the interest rate swaps, interest rate swap settlements and the forward exchange contract (FEC) gains, normalised EPS and HEPS are expected to increase between 20% and 27%," the group added.

The company's results for the six months ended 30 June 2011 are expected to be published on or about 25 August 2011.
cipla medpro south africa

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Comments have been closed for this article.
 

Company Snapshot

We're talking about:

THE DEBT ISSUE

Debt is one of the biggest financial issues facing South Africans today. Find out how you can avoid and manage your debt with Fin24 and Debt Rescue.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

Would you take out a payday loan?

Previous results · Suggest a vote

Loading...