Empowerment conglomerate Hosken Consolidated Investments (HCI), which is headed by Johnny Copelyn, warned on Wednesday that headline earnings per share (HEPS) could fall by a fifth in its six months to end-September due to a writedown of its oil and gas exploration assets.

Basic earnings per share should decrease by between 48.9% and 23.9% from the period’s 536.1c. HEPS should fall by between 17.2% and 22.2% from the prior 518.2c...

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