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Discovery Holdings Ltd Comments On FY 2012 Earnings Guidance


Wednesday, 22 Aug 2012 08:05am EDT 

Discovery Holdings Ltd announced that for fiscal 2012, it expects normalised profit before tax to be between 15% and 25% higher than that of the prior period. Discovery did not recognize a deferred tax asset on the losses of the new start up operations, notably Discovery Insure, in the current period. As a result, normalised headline earnings per share is expected to be between 10% and 20% higher than that of the prior period. The Company reported net profit of ZAR3.451 billion and EPS of ZAR3.66 in fiscal 2011. According to I/B/E/S Estimates, analysts are expecting the Company to report net profit of ZAR3.667 billion and EPS of ZAR4.44 in fiscal 2012. 

Company Quote

9517.0
-66.0 -0.69%
11 Jul 2014