Johannesburg 9 November 2017
JSE-listed African financial services company, Ecsponent Limited today published a positive trading update, advising shareholders that its earnings per share (EPS) for the half year ending 30 September 2017, is expected to increase by a minimum of 30%. This will result in a minimum EPS of 2.893 cents, as compared to the EPS of 2.226 cents for the comparative period.
In addition, headline earnings per share (“HEPS”) is expected to increase by a minimum of 55%, resulting in a minimum HEPS of 1.528 cents per share, as compared to the HEPS of 0.986 cents per share for the comparative period.
Terence Gregory, CEO of Ecsponent said, “Our sustained growth can be attributed to the consistent performance of the continuing operations across our core business units – Investment Services (including capital raising), Business Credit and Equity Holdings.
Ecsponent will be releasing its financial results before 15 December 2017.