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Zeder FY HEPS down 17% to 22c
Agricultural group Zeder (ZED) on Wednesday reported headline earnings (HEPS) dropped 17% to 22c from 26.6c in the year to end February.
The decrease in HEPS was largely due to an increase in the non-recurring performance fee payable following Zeder's strong share price growth and the increased number of shares in issue as a consequence of the merger with Agri Voedsel.
Recurring HEPS increased by 15.4% to 35.3c‚ driven by strong contributions from the majority of Zeder's underlying portfolio companies.
Source: BDpro
