Grand Parade says full-year headline earnings could almost triple
The company said HEPS could rise as much as 191% to end-June from the prior period’s 11.8c loss
The share price of Grand Parade Investments (GPI), which holds the master franchise of Burger King in SA, was on track to close at a one-month high on Wednesday after the company said headline earnings per share (HEPS) could almost triple in the year to end-June.
HEPS were expected to rise by between 171% and 191% to between 7.97c and 10.21c, the company said in a trading update. It loss per share was expected to see an improvement of between 18% and 38% when compared to the loss of 11.66c previously...