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 Metric | Anticipated Range | Change from Previous Year |
|---|---|---|
| Earnings Per Share (EPS) | 20.09 cents to 23.73 cents | Increase of 10.3% to 30.3% |
| Headline EPS (HEPS) | 19.82 cents to 24.92 cents | Decrease 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.
