{"id":25024,"date":"2012-10-25T07:51:19","date_gmt":"2012-10-25T05:51:19","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=25024"},"modified":"2012-10-25T16:27:46","modified_gmt":"2012-10-25T14:27:46","slug":"bcx-expects-fy-earnings-boost","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/it-services\/25024\/bcx-expects-fy-earnings-boost\/","title":{"rendered":"BCX expects full-year earnings boost"},"content":{"rendered":"

Business Connexion<\/a> 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.<\/p>\n

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.<\/p>\n

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.<\/p>\n

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.<\/p>\n

Excluding this earn-out payment and related fair value adjustment, the group\u00b4s 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.<\/p>\n

BCX says it aims to publish its results on about 5 November 2012.<\/p>\n

Related article<\/strong><\/p>\n

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Business Connexion lifts revenue by 43.5%<\/strong><\/a><\/p>\n

Business Connexion buys Quad Automation<\/strong><\/a><\/p>\n

Orange to throw hat in SA telecoms ring?<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Business Connexion expects its diluted HEPS to be between 116.0% and 136.0% higher than the 17.2 cents per share reported in 2011.<\/p>\n","protected":false},"author":10,"featured_media":10357,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_sma_x_autopost_status":"idle","_sma_x_autopost_error":"","_sma_x_post_id":"","_sma_x_attempts":0,"footnotes":""},"categories":[31],"tags":[25,4445,1031],"class_list":["post-25024","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-it-services","tag-active","tag-bcx","tag-business-connexion"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/25024","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=25024"}],"version-history":[{"count":5,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/25024\/revisions"}],"predecessor-version":[{"id":25123,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/25024\/revisions\/25123"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/10357"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=25024"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=25024"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=25024"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}