{"id":33377,"date":"2013-03-11T15:23:55","date_gmt":"2013-03-11T13:23:55","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=33377"},"modified":"2013-03-12T08:47:12","modified_gmt":"2013-03-12T06:47:12","slug":"remgro-earnings-warning-ahead-of-uys-appointment","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/trending\/33377\/remgro-earnings-warning-ahead-of-uys-appointment\/","title":{"rendered":"Remgro earnings warning ahead of Uys appointment"},"content":{"rendered":"

Listed company Remgro<\/a>, which holds and effective interest in\u00a0Dark Fibre Africa<\/a> and Seacom<\/a>, is expecting headline earnings per share\u00a0for the six months ended December 2012 to be between 33%\u00a0and 37% lower than in 2011.<\/p>\n

Pieter Uys<\/a>, former chief executive officer of Vodacom Group<\/a>, is set to join the management team of Remgro on 1 April 2013.\u00a0He will also serve on the management board.<\/p>\n

Remgro said in a statement on Monday (11 March) that\u00a0the decrease in HEPS is mainly due to once-off charges incurred by\u00a0Mediclinic International with the refinancing of its Swiss and South African\u00a0debt during October 2012.<\/p>\n

“Due to the fact that Mediclinic has a March year-end, Remgro would\u00a0normally only have accounted for Mediclinic\u00b4s results for the six months ended 30 September 2012\u00a0(without making any adjustments) when preparing its interim results for the six months ended\u00a031 December 2012.<\/p>\n

“However, due to the materiality of the amounts involved, the results of\u00a0Mediclinic for the six months ended 30 September 2012 has been adjusted with the once-off\u00a0charges referred to above before being accounted for in Remgro\u00b4s interim results for the six months\u00a0ended 31 December 2012,” Remgro said.<\/p><\/blockquote>\n

The group further advised that, excluding the effect of Mediclinic\u00b4s refinancing cost, Remgro\u00b4s HEPS for the interim period is expected to be between\u00a016% and 20% higher than in 2011.<\/p>\n

More on Remgro<\/h3>\n

Vodacom\u2019s Uys to join Remgro<\/a><\/strong><\/p>\n

The A-to-tech of Remgro<\/strong><\/a><\/p>\n

Leadership change at Vodacom<\/strong><\/a><\/p>\n

Why Pieter Uys is leaving Vodacom<\/strong><\/a><\/p>\n

Pieter Uys discusses new Remgro job<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Remgro, the company that former Vodacom boss Pieter Uys will join next month, is expecting a steep decline in its interim earnings.<\/p>\n","protected":false},"author":10,"featured_media":17077,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[1756,26,2591,39,2574],"class_list":["post-33377","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trending","tag-dark-fibre-africa","tag-headline","tag-remgro","tag-seacom","tag-vodacom-group"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/33377","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=33377"}],"version-history":[{"count":11,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/33377\/revisions"}],"predecessor-version":[{"id":33435,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/33377\/revisions\/33435"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/17077"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=33377"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=33377"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=33377"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}