Putprop Limited Expects Mixed Results for Six Months Ended December 2023

  • Putprop Limited expects increased earnings per share (EPS), projecting a rise of 10.3% to 30.3% compared to last year.
  • However, headline earnings per share (HEPS) is anticipated to decline by 2.3% to 22.3% for the same period.
  • The official financial results, pending auditor review, will be disclosed via SENS on or around 5 March 2024.
Published by
Lethabo Ntsoane

Putprop Limited has released a trading statement today, shedding light on its anticipated financial performance for the six months ending 31 December 2023.

Earnings Per Share (EPS) on the Rise

The company management has indicated a positive outlook regarding earnings per share (EPS), foreseeing a notable increase compared to the same period in the previous year. According to the trading statement, the EPS is expected to range between 20.09 cents and 23.73 cents. This reflects an increase of 10.3% to 30.3% when compared to the EPS of 18.22 cents recorded for the six months ended 31 December 2022.

Headline Earnings Per Share (HEPS) to Experience a Downturn

However, the news isn’t entirely upbeat for Putprop Limited as the headline earnings per share (HEPS) is anticipated to witness a decline. The HEPS is projected to vary between 19.82 cents and 24.92 cents. This indicates a decrease of 2.3% to 22.3% in comparison to the HEPS of 25.52 cents reported for the same period in 2022.

Financial Outlook at a Glance

A summary of the expected financial performance for the six months ended December 2023 is provided below:

Financial MetricAnticipated RangeChange from Previous Year
Earnings Per Share (EPS)20.09 cents to 23.73 centsIncrease of 10.3% to 30.3%
Headline EPS (HEPS)19.82 cents to 24.92 centsDecrease of 2.3% to 22.3%

Auditor Review and Release Date

It is important to note that the financial information presented in the trading statement has not yet been reviewed or reported on by the Company’s auditors. Putprop Limited has announced that the official financial results will be made available via SENS (Stock Exchange News Service) on or about 5 March 2024.

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Lethabo Ntsoane

Lethabo Ntsoane holds a Bachelors Degree in Accounting from the University of South Africa. He is a Financial Product commentator at Rateweb. He is an expect financial product analyst with years of experience in reviewing products and offering commentary. Lethabo majors in financial news, reviews and financial tips. He can be contacted: Email: lethabo@rateweb.co.za Twitter: @NtsoaneLethabo