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INTERIM PROFIT LIKELY TO DROP

12 Nov General

HCI Interim profit likely to drop Hosken Consolidated Investments (HCI) expected headline earnings a share for the six months to September to be P1.20 and R1.30, compared with P2.27 last year Basic earnings a share would be between R1.60 and P1.70, compared with R3.39. HCI said the drop in both headline earnings a share and basic earnings a share was mainly due to the R136 million fair value losses charged by Thogo Sun to its income statement.

Source: Business Report – Thabiso Mochiko