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Johannesburg - Remgro [JSE:REM] announced on Wednesday that
for the 15 months ended June 2011, its reported headline earnings per share
(Heps) is expected to be between 50% and 60% higher than the Heps of the
comparative 12 months ended March 2010.
This increase in Heps is mainly due to the extension of the
financial reporting period by three months, which caused the results of
investee companies to be accounted for periods varying between 12 and 18
months.
The Heps for the 15 months ended June 2011 and the 12 months
ended March 2010 are therefore not comparable.
Remgro's financial year-end was changed from March to June. Its results for the 15 months period are due to be released on or about 20 September.
