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Imperial expects earnings to soar

Johannesburg - Transport and logistics group Imperial Holdings [JSE:IPL] said on Friday it expected headline earnings per share to grow by 30% to 40% for the full year to June, from 992 cents in the corresponding period last year.

In a trading update Imperial also said its earnings per share would likely rise by 23% to 33% from 1 047c.

Operating profit is expected to be higher than the R3.28bn reported in the comparative period in 2010.

"The group will not, as was done for the year ended June 30 2010, report separately on discontinued operations for the current financial year-end, since this number has become insignificant in relation to overall group results," it said.

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