Subscribe & Follow

Advertise your job vacancies

Jobs

Verimark earnings expected to be sharply higher

4 Apr 2017

Retailer Verimark says headline earnings per share (HEPS) for the year ended 28 February are expected to be between 176% and 238% higher than the previous year, which it attributes to a combination of sales price increases and the strengthening of the rand.

Verimark CEO Michael van Straaten. Image credit: Financial Mail

HEPS are expected to be in the range of 22.1c and 27c compared with 8c for the comparable 12 months a year earlier.

"The company will record a profit before taxation of between R33.7m and R41.2m, an increase of between 157% and 214% on the R13.1m for the comparative period."

The retailer said a major focus on reduction and containment of costs had helped to produce favourable results.

It said this was achieved through a renewed cost benefit analysis and elimination of wasteful expenditure. The continuing improvement had resulted in cost increase being contained to below inflationary levels, said Verimark.

Source: BDpro

Source: I-Net Bridge

For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.

We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.

Go to: http://www.inet.co.za