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PSG profit to rocket

Oct 07 2009 18:07

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Johannesburg - PSG Group said on Wednesday that headline earnings for the six months ended August will be between 134c and 137c per share or between 352.7% and 362.8% higher.

Recurring headline earnings after funding and secondary tax on companies (i.e. reportable headline earnings before marked-to-market profits/losses and abnormal items not necessarily of a recurring nature) will be between 78c and 85c per share or between 5.7% and 15.2% higher.

Attributable earnings will be between 111c and 114c per share or between 266.3% and 276.2% higher than that for the six months ended August 31 2008.

"The increase in headline and attributable earnings per share is mainly as a result of marked-to-market profits," the group stated.

The results for the six months ended August 31 2009 will be published on October 14 2009.

PSG Group has investments in Capitec Bank, Zeder Investments and Petmin.

- I-Net Bridge

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