Super Group profits up by as much as 25%

Super Group expects profits to rise by 25% for the six months to December. Image: Super Group

This is expected to result in an increase in earnings per share (EPS) of between 20% and 30%‚ an increase in headline earnings per share (HEPS) of between 23% and 30%‚ and an increase in adjusted headline earnings per share of between 27% and 35% compared with the results for last year.

The group reported a consolidated net profit after tax of R362.3m‚ EPS of 97.6c‚ HEPS of 95.3c and adjusted HEPS of 97.2c for the comparable six months ending in December 2012.

The group said that notwithstanding the difficult South African economic environment‚ it had experienced a reasonable increase in sales volumes across most of its businesses. The improvement in sales and the continued stringent control of operational costs were expected to result in a satisfactory improvement in earnings for the period ending December.

Super Group is scheduled to release its results in February next year.