Brimstone Investment Corporation Limited Anticipates Significant Increase in Earnings

  • Brimstone Investment Corporation expects a significant increase in earnings for the fiscal year ending 31 December 2023.
  • Anticipated growth driven by heightened gains in other investments and an increase in profits from associates and joint ventures.
  • Detailed financial results will be published on the Stock Exchange News Service around 6 March 2024.

Brimstone Investment Corporation Limited has issued a trading statement projecting a substantial surge in its earnings for the fiscal year ending 31 December 2023.

Financial Performance Overview

The company expects its earnings per share (EPS) to soar between 114.1 cents and 121.7 cents, showcasing an impressive increase ranging from 49% to 59% compared to the previous fiscal year. Similarly, headline earnings per share (HEPS) are forecasted to range between 69.5 cents and 73.7 cents, signifying a potential growth of 1% to 7% in comparison to the prior year.

MetricExpected RangeComparative PeriodIncrease (%)
Earnings per Share (EPS)114.1 cents – 121.7 cents76.6 cents49% – 59%
Headline Earnings (HEPS)69.5 cents – 73.7 cents69.0 cents1% – 7%

Factors Driving Growth

The anticipated increase in profit is attributed primarily to heightened gains in other investments and a rise in the Group’s share of profits from associates and joint ventures. These factors have contributed significantly to bolstering Brimstone’s financial performance.

Auditor’s Review Status

It’s important to note that the financial figures outlined in the trading statement have not undergone scrutiny or endorsement by the Company’s auditors.

Upcoming Publication

Brimstone’s detailed financial results for the fiscal year ending 31 December 2023 are expected to be officially published on the Stock Exchange News Service (SENS) around 6 March 2024.

Conclusion

The optimistic outlook provided by Brimstone Investment Corporation Limited underscores its resilience and strategic prowess in navigating the dynamic economic landscape. With the forthcoming publication of its financial results, stakeholders eagerly await further insights into the company’s performance and future prospects.

Quick Poll

Related

Rateweb

South Africa’s primary source of financial tools and information

Contact Us

admin@rateweb.co.za

Disclaimer

Rateweb strives to keep its information accurate and up to date. This information may be different than what you see when you visit a financial institution, service provider or specific product’s site. All financial products, shopping products and services are presented without warranty. When evaluating offers, please review the financial institution’s Terms and Conditions.

Rateweb is not a financial service provider and should in no way be seen as one. In compiling the articles for our website due caution was exercised in an attempt to gather information from reliable and accurate sources. The articles are of a general nature and do not purport to offer specialised and or personalised financial or investment advice. Neither the author, nor the publisher, will accept any responsibility for losses, omissions, errors, fortunes or misfortunes that may be suffered by any person that acts or refrains from acting as a result of these articles.