Efficient Group’s HEPS surge after cancelling profit-share scheme
The company had incurred a R317m expense in its year to end-August 2018
08 November 2019 - 14:14
Small-cap financial services company Efficient Group, which may delist from the JSE amid a buyout offer, said on Friday it would return to profit in its year to end-August. This is after the company recovered from cancellation fees from bringing its investment unit in-house.
Headline earnings per share (HEPS) were expected to be in a range of 30.89c to 34.24c, compared to a headline loss per share of 318.18c previously...
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