Logistics and vehicle distributorship group Imperial Holdings says it expects single-digit growth in revenue and operating profit for the six months to December 2016, leading to a double-digit drop in headline earnings per share. It said on Tuesday that foreign exchange losses, higher finance costs and higher amortisation of intangible assets arising from acquisitions meant headline earnings per share might drop between 13% and 20%. The share fell as much as 4.8% on the day, before recovering to be 1.81% down in mid-afternoon trade. "The devil in the detail should be available in the next couple of months, enabling a clearer picture of the group prospects," Cratos Capital portfolio manager Ron Klipin said.
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