CA Sales is expecting more Profit Before Tax (PBT) for the six months period ended 30 June 2021. In comparison with the six months ended 30 June 2020, this year proves to be a fruitful year for the distribution company.
According to the Board of Directors of CA Sales Holdings, the company is expecting the Profit Before Tax for the half year to hike with between Seventy-five and Eighty percent (75% and 80%). Moreover, the company expects increased Headline Per Share (HEPS), and Earnings Per Share (EPS).
The Statement revealed;
“The Board of CA&S wishes to announce that the Companyβs profit before tax for the six months ended 30 June 2021 is expected to be between R 138.1m and R 142.1m compared to the reported profit before tax for the previous corresponding period of R 78.8m, which represents an increase of between 75% and 80% on the profit before tax of the previous corresponding period.
The Companyβs headline earnings per share (βHEPSβ) for the six months ended 30 June 2021 is expected to increase to between 8.33 cents and 8.94 cents per share, an increase of between 68% and 73% in comparison to the HEPS of 12.20 cents reported in the previous corresponding period.
The Companyβs earnings per share (βEPSβ) is expected to increase between 10.92 cents and 11.33 cents per share, an increase of between 131% and 136% in comparison to the EPS of 8.31 cents in the previous corresponding period. Shareholders should take note that trading conditions have been and are expected to remain challenging for the foreseeable future.”
With the preparations of the results for the six months ended 30 June 2021 having already commenced, the finalized financial report is expected to continue until on or about 30 September 2021. The unreviewed summarised interim financial results are expected to be released soon afterwards.
