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Discovery Limited Issues FY 2013 Earnings Guidance


Wednesday, 28 Aug 2013 04:36am EDT 

Discovery Limited announced that for fiscal 2013, it expects normalised headline earnings per share are expected to be between 15% and 25% higher than that of the corresponding period. As a result of the accounting for the recapture of reinsurance and the increase in the fair value of puttable non-controlling interest financial liability, shareholders are advised that headline earnings per share are expected to be between 0% and 10% lower than that of the corresponding reporting period of the previous year (corresponding period), while earnings per share (EPS) are expected to be between 0% and 10% lower than the corresponding period. The Company reported EPS of ZAR0.0417 in fiscal 2012. 

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