JSE Limited: Big jump in earnings projected

Growth in operating revenue and tight control over operating expenses will see JSE Limited increase basic earnings a share for last year by between 63 percent and 73 percent from the R3.518 it posted in the previous financial year. The continent’s largest stock exchange advised shareholders yesterday that it was expecting to release its financial results for the year to December last year on March 11. It expected headline earnings a share to increase by between 31 percent and 41 percent from the 2012 figure of R4.732. The JSE said these results were affected by a R48 million impairment charge and R84m of rebates to equity members. JSE shares added 3.05 percent to close at R85.19 yesterday.– Londiwe Buthelezi