BCX expects full-year earnings boost

Business Connexion says it is reasonably certain that its diluted headline earnings per share (HEPS) for the financial year ended 31 August 2012 will be between 116.0% and 136.0% higher than the 17.2 cents per share reported for the previous financial year.

BCX says its diluted EPS is expected to be between 24.8% and 44.8% higher than the 27.6 cents per share in 2011.

In terms of the sale of shares agreement for the acquisition by BCX of a 50% plus one share shareholding in Canoa Group, concluded in the previous financial year, BCX says it is required to make an additional earn-out payment of R26.2 million as a consequence of Canoa outperforming the profit target for its 2012 financial year end.

A further earn-out payment of R26.2 million will be made in 2013 if Canoa continues to deliver high earnings growth and exceed the profit target for the year ended 31 August 2013.

Excluding this earn-out payment and related fair value adjustment, the group´s diluted HEPS and diluted EPS for the financial year ended 31 August 2012 are expected to be between 154.1% and 174.1% and between 48.4% and 68.4% higher than the previous financial year, respectively.

BCX says it aims to publish its results on about 5 November 2012.

Related article

Business Connexion issues cautionary warning

Business Connexion to target African growth

Business Connexion lifts revenue by 43.5%

Business Connexion buys Quad Automation

Orange to throw hat in SA telecoms ring?

Must Read

Partner Content

Show comments

Trending Now

Follow Us

BCX expects full-year earnings boost