Hosken Consolidated Investments (HCI) expects its profit for the year to end-March to plunge by at least 24.1% after a multimillion-rand knock from its oil and gas exploration investment.

The company, headed by trade unionist-turned-business person Johnny Copelyn, said on Tuesday it expected headline earnings per share, the main measure of profit, to come in 24.1%-34.1% lower when it reports its results this week...

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