Santova Logistsics advised Wednesday that its basic earnings and basic headline earnings per share for the half year ended August 2010 will be approximately 0.72 and 0.42 cents per share respectively, an increase of 1 757.6 percent and 509.3 percent respectively from the last published August 2009 results.
This increase is due mainly to much improved performance from all subsidiaries within the group which has been achieved through the successful acquisition of new clients and improved trading conditions, it said.
In addition, the acquisition of Aviocean has made a significant contribution to the group's operational results, as well as with an IFRS3 negative goodwill amount which has been recognised in the group's profits on consolidation.
The effect of this IFRS3 amount alone equates to approximately 0.30 cents per share or 771.6 percent of the increase in basic EPS.
The group's results will be released on or about 25 November. - I-Net Bridge