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HCI HALF YEAR EARNINGS TO INCREASE

14 Nov General

Hosken Consolidated Investments (HCI) expected its half-year headline earnings per share to rise to between R2.16 and R2.40, the South African media and leisure company said yesterday.

HCI – which controls casino and hotel company Johnnic Holdings and has a majority shareholding in commercial television broadcaster e.tv – posted headline earnings of R1.91 in the corresponding period last year.

Headline earnings per share is the main profit measure in South Africa and excludes some exceptional items.

The company said it would release its results for the six months to September on or around tomorrow.

Its share price traded 1.16 percent higher by 5pm yesterday at R87.

Source: Business Report – Reuters