Shoprite sees diluted HEPS up

Retail group Shoprite said on Tuesday that it expects both basic and fully diluted headline earnings per share for the six months ended December 2007 to be between 50 to 60% higher than those of the prior comparative period, on a continued operation basis.

It added that earnings per share and diluted earnings per share are expected to be between 40 and 50% higher.

"This improved growth was to some extent influenced by the industrial action during the prior comparative period," it said in a statement.

However, it warned that caution should be exercised when projecting the results for the full year in light of the current state of the economy and the effect of the prevailing energy crisis.

It expects its interim results to be released on February 19.

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