Johannesburg - Rolfes, a provider of industrial, agricultural, water and mining chemicals, said yesterday that it expected its headline earnings per share to be up between 35 percent and 45 percent per share for the year to end June.
Rolfes will release its financial results towards the end of next month.
The company said it anticipated its headline earnings per share to be between 51.6 cents per share to 55.4c per share during the period.
Rolfes acquired Bragan Chemicals in a R213 million deal in October last year.
Chief executive Lizette Lynch said Bragan was expected to add a new dimension to Rolfes, namely a presence in the food industry.
In the update, the company said it expected earnings per share to grow by between 38 percent to 48 percent to between 50.4c to 54c. Earnings per share in 2015 came in at 36.5c a share. Headline earnings per share have grown 167 percent in the last six years.
Shares lost 0.51 percent to close at R3.87 yesterday.
BUSINESS REPORT