The group yesterday reported that earnings per share (Eps) on a normalised basis, excluding non-trading-related items, declined by 9.4percent to 49.1cents, down from 54.2c compared to last year.
“Normalised Eps was impacted by the investments in growth initiatives and increased human resource capacity at group level to support the growth initiatives,” the group said. Normalised Eps, excluding the current losses on these initiatives was 54c - in line with last year.
Headline earnings per share (Heps) decreased by 49.9percent to 26.9c
However, the group said Eps and Heps had been hurt by the mark-to-market loss of R256million net of tax on the foreign exchange option contracts, which had been entered into due to the disposal of Max Healthcare.