A review by management of the financial results for the year ended 30 June 2018
A review by management of the financial results for the year ended 30 June 2018 has indicated that:
- the earnings per share ('EPS') is expected to be between 74.57 cents and 80.45 cents, reflecting an increase of between 27% and 37% compared to the EPS of 58.74 cents for the year ended 30 June 2017;
- the headline earnings per share ('HEPS') is expected to be between 64.03 cents and 69.91 cents, reflecting an increase of between 9% and 19% compared to the HEPS of 58.76 cents for the year ended 30 June 2017; and
- the normalised HEPS is expected to be between 83.64 cents and 91.54 cents, reflecting an increase of between 6% and 16% compared to the normalised HEPS of 78.96 cents for the year ended 30 June 2017.
As per prior results announcements, normalised headline earnings is calculated by adding back to headline earnings the amortisation of acquired intangible assets net of deferred taxation, as a consequence of the purchase price allocations completed in terms of IFRS 3 Business Combinations and fair value adjustments to financial liabilities on outstanding contingent purchase considerations.
AdaptIT's financial results are expected to be released on SENS on or about 16 August 2018.