Curro Holdings: Earnings could double for 2013

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Curro Holdings expected an increase in headline earnings of between 80 percent and 100 percent and an increase in earnings a share of between 77 percent and 97 percent for the year to December, the company, which owns private schools, said yesterday. This meant that it would report attributable and headline earnings a share of between 12.6c and 14c as opposed to the attributable earnings a share of 7.1c and headline earnings a share of 7c published in the previous corresponding period. Curro also anticipated that it would have at least 32 campuses with approximately 27 000 learners this year, an increase from 26 campuses with about 22 000 learners last year. The company will publish its final results next month. Curro Holdings’ share price dropped 0.71 percent to close at R28 on the JSE yesterday.

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