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Real Economy News in Real Time
R/€ = 16.48 Change: 0.07
R/$ = 14.48 Change: 0.09
Au 1172.85 $/oz Change: -14.55
Pt 772.00 $/oz Change: -17.31
 
 
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Sea Harvest to report up to 3% rise in H1 headline earnings

10th August 2018 BY: Anine Kilian
Contributing Editor Online

JSE-listed Sea Harvest expects to report a 0% to 3% increase in its headline earnings for the six months ended June 30, to between R110.7-million and R114-million, after absorbing transaction costs related to its acquisition of Viking Fishing.

Earnings per share (EPS) for the six months are, however, expected to be 25% to 31% lower year-on-year at between 46c and 50c.

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Headline earnings per share (HEPS) are expected to be 13% to 20% lower year-on-year at between 45c and 49c.

Sea Harvest attributes the decrease in EPS and HEPS mainly to an increase in the weighted average number of shares in issue.

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The company expects to release its interim results on or about August 28. 

EDITED BY: Chanel de Bruyn Creamer Media Senior Deputy Editor Online
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