Seardel Investment Corporation (SER) says for the year ended March 2013 it expects its headline earnings per share to be in a range of 2 to 6 cents‚ compared with 20.86 cents a year ago. Its earnings pe share are seen in a 4-8 cents range from 19.47 cents a year ago.
The company noted on Monday that the prior year basic EPS and HEPS included the once off effect of the settlement with former directors.
Seardel believes that the adjusted basic EPS and adjusted HEPS per share numbers which excludes the once-off effect of the settlement are more appropriate measurements on which to judge the underlying business performance.
The company said its 2012 adjusted basic loss per share was 7.79 cents and its adjusted headline loss per share amounted to 6.4c.
The company’s results will be released released mid-May 2013.