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Johannesburg - Brimstone Investment Corporation [JSE:BRT] advised on Tuesday that its headline earnings per share (HEPS) for the six months to June was expected to be at least 20% lower than the previous 149 cents per share.
It also advised that earnings per share would be at least 20% lower than the 146.3 cents per share reported in 2010.
"The company's financial results for the six months to June 30 2010 were positively impacted by the effects of the partial realisation and the subsequent unbundling of a portion of Brimstone's shareholding in Life Healthcare Group Holdings Limited," it said.
Brimstone said that further guidance would be provided as soon as there was a reasonable degree of certainty in terms of the extent of the decrease.
The group expected to report its results on about August 23.
It also advised shareholders that FirstRand Bank, trading as Rand Merchant Bank, had notified Brimstone that it had acquired a beneficial interest in ordinary shares of the company, such that the total beneficial interest of Brimstone ordinary shares held by FirstRand was at 10.98% of the total issued Brimstone ordinary shares.
It also advised that earnings per share would be at least 20% lower than the 146.3 cents per share reported in 2010.
"The company's financial results for the six months to June 30 2010 were positively impacted by the effects of the partial realisation and the subsequent unbundling of a portion of Brimstone's shareholding in Life Healthcare Group Holdings Limited," it said.
Brimstone said that further guidance would be provided as soon as there was a reasonable degree of certainty in terms of the extent of the decrease.
The group expected to report its results on about August 23.
It also advised shareholders that FirstRand Bank, trading as Rand Merchant Bank, had notified Brimstone that it had acquired a beneficial interest in ordinary shares of the company, such that the total beneficial interest of Brimstone ordinary shares held by FirstRand was at 10.98% of the total issued Brimstone ordinary shares.
