Analyst Research

Report Title Price
Provider: Reuters Investment Profile
$20.00
Provider: Wright Reports
$75.00

NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Rand Merchant Insurance Holdings Ltd Announces Restatement Of Prior Period Comparative; Issues H2 2012 Earnings Guidance


Thursday, 28 Feb 2013 10:01am EST 

Rand Merchant Insurance Holdings Ltd advised a change in accounting policy by a subsidiary in the second half of fiscal 2011, resulting in a restatement of prior period comparatives. Consequently, it is necessary for EPS, headline EPS and normalized EPS for the second half of 2011 to also be restated. As originally published on December 31, 2011 the Company reported earnings per share (EPS) of ZAR0.63, headline EPS0.619 and normalized EPS of ZAR 0.69. The Company restated on December 31, 2011 the second half of fiscal 2011 earnings as follows: earnings per share (EPS) of ZAR0.654, headline EPS0.643 and normalized EPS of ZAR 0.727. As compared to originally published December 31, 2011 results the Company announced the guidance for second half of 2012 and expects earnings per share (EPS) to increase 20% to 25%, headline EPS to increase 20% to 25% and normalized EPS to increase between 8% to 13% and as compared to restated December 31, 2011 results the Company expects earnings per share (EPS) to increase 15% to 20%, headline EPS to increase 15% to 20% and normalized EPS to increase between 2% to 7%. 

Company Quote

4062.0
17.0 +0.42%
24 Dec 2014