Company News - Trematon Capital Investments Limited

Company News - Trematon Capital Investments Limited

Shareholders are advised that Trematon’s earnings per share for the 6-month period ended 28 February 2018 will decrease by approximately 85% and headline earnings per share will decrease by approximately 150% from the previous comparable interim period ended 28 February 2017.

Earnings are expected to be approximately 7.1 cents per share and a headline loss of approximately 0.9 cents per share, compared to earnings of 46.4 cents per share and headline earnings of 1.8 cents per share for the previous interim period.

The decrease in earnings compared to the previous interim period is mainly a result of the disposal of the Company’s interest in the Mykonos Casino in the prior interim period which had resulted in a large once-off profit of R91.8 million. The decrease in headline earnings is mainly due to expenses related to the take-on and refurbishment of properties which were vacant during the period as well as increased school costs in preparation of the expansion of our current schools.

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