Sovereign Foods earnings seen 0-10% lower

Sovereign Food Investments advised on Friday, 20 April 2012, that its profit after tax for the year ended February 2012 is expected be between 55% and 65% higher than that of the previous corresponding period. However, as a result of the dilutive effect of the rights offer which was concluded in March 2011, earnings per share and headline earnings per share are expected to be between 0% and 10% lower compared with the previous corresponding period. Source: I-Net Bridge