- enX Group anticipates significant growth in financial results for H1 2023.
- Revenue from continuing operations expected to increase by approximately 22%.
- Profit before taxation from continuing operations projected to rise between 20% and 24% compared to the same period last year.
enX Group, a leading company listed on the Johannesburg Stock Exchange (JSE), has announced its trading statement for the six months ended February 28, 2023. The company projects a substantial increase in its financial results for this period, expecting significant growth in revenue and profitability.
In compliance with the JSE Listings Requirements, enX Group disclosed that it foresees a noteworthy variance between the financial results for the current range and the prior period. The projected differences are as follows:
| Current Range | Prior Period | |
|---|---|---|
| EPS (Earnings per Share) | 67c to 73c | 33c |
| Diluted EPS | 67c to 73c | 33c |
| HEPS (Headline Earnings per Share) | 67c to 73c | 148c (51%) to (55%) |
| Continuing: | ||
| EPS | 67c to 73c | 53c |
| Diluted EPS | 67c to 73c | 53c |
| HEPS | 67c to 73c | 53c |
| Discontinued: | ||
| EPS | – (20c) | |
| Diluted EPS | – (20c) | |
| HEPS | – 95c |
According to the trading commentary provided by enX Group, the company anticipates an impressive revenue growth of approximately 22% from its continuing operations. Additionally, the profit before taxation from these operations is expected to rise between 20% and 24% compared to the same period last year.
It is important to note that the financial information upon which this trading statement is based has not yet been reviewed or reported on by the Company’s auditors.
These projected results showcase enX Group’s strong performance during the first half of the financial year 2023. The company’s strategic initiatives and operational efficiency appear to be paying off, underscoring its resilience and adaptability in a competitive market.
While this trading statement provides an initial glimpse into enX Group’s financial performance, shareholders and investors are advised to await the release of the company’s audited results for a comprehensive assessment.
The expected growth in revenue and profitability reaffirms enX Group’s commitment to delivering value to its shareholders and solidifying its position in the market. The company remains focused on driving innovation, seizing growth opportunities, and fortifying its operations to meet the evolving needs of its customers.
