Bidvest Namibia anticipates basic earnings per share (EPS) for the year ended June 30 2015 to be up between 17% and 19% on the previous corresponding period and headline earnings per share (HEPS) for the year ended June 30 2015 to be down between 10% and 12%.
The reason for the difference between the increase in EPS and the decline in HEPS is due to the capital profit realised on the sale of a fishing vessel. The decline in HEPS results primarily from the significantly lower horse mackerel quota allocation received by Namsov and its joint venture partners with the second quota allocation for the 2014 calendar year.
This trading statement has not been reviewed or reported on by Bidvest Namibia’s external auditors. The release of the announcement of the audited results for the year ended June 30 2015 is expected to be published on or about August 25 2015.