Trustco group projects increase in HEPS
11 Jun 2019 11:00am
WINDHOEK, 11 JUNE (NAMPA) - Trustco Group Holdings has projected an increase in headline earnings per share (HEPS) for the financial year ended 31 March 2019, ranging between 157 and 176 per cent.
According to a trading statement published on the Namibia Stock Exchange (NSX) recently, the HEPS are expected to range between 70 and 75 cents.
The projected growth is higher than the reported HEPS with 27.19 cents for the previous financial year ended the same period in 2018.
The group also recorded an increase in consolidated revenue between N.dollars 1.3 and 1.5 billion, compared to N.dollars 801 million last year.
It further expected basic earnings per share (BEPS) to be between 71 and 75 cents per share at the end of 31 March 2019, compared to 23.74 cents at the end of the same period last year.
Trustco Group Holdings is a public company which operates in the banking and financing; insurance and investment; and resources segments.
It is also listed on the NSX and the Johannesburg Stock Exchange.