JSE. Picture: REUTERS
JSE. Picture: REUTERS

It is a busy Monday for JSE investors, with at least seven companies scheduled to release results.

Retail group Mr Price said on November 7 it expected to report on Monday that headline earnings per share (HEPS) for the 26 weeks to September 30 to have grown between 20% and 25%.

Private hospital owner Netcare warned shareholders on November 15 it expected to report on Monday that HEPS for the year to-end September declined by up to 10%.

HEPS exclude an accounting loss of R5.6bn that Netcare has opted to book in its 2017 financial year to reflect problems in its UK hospitals including "onerous lease provisions and the impairment of goodwill". This would result in it reporting a basic loss per share.

"In the UK, trading conditions were challenging during 2017, particularly in the second half of the financial year, where the acceleration of demand management initiatives implemented by both the National Health Services (NHS) and private medical insurers affected patient activity, in combination with lower tariffs for NHS work effective from April 1 and further change in case mix in favour of more day cases," Netcare said.

Barloworld said on November 6 it expected to report on Monday HEPS for the year to end-September grew by about 5%.

Revenue from its motor trading suffered from General Motors’ exit from SA, which prompted Barloworld to close three GM dealerships. It also closed two BMW dealerships.

Pioneer Foods warned shareholders on October 23 it expected to report on Monday that HEPS for the year to end-September had halved.

"Heinz’s volumes lagged expectations and, together with an inability to adjust its cost base to this volume reality, led to a poor profit performance," the trading statement said.

On November 6, Pioneer said it was buying the half of Heinz’s South African operations it did not already own from its US parent for an undisclosed amount.

Pioneer said its revenue declined by about 5% during its 2017 financial year due to "a combination of deflation, volume declines and resistance to price increases".

Poultry group Astral Foods said on October 16 it expected to report on Monday that HEPS for the year to end-September as much as doubled.

Astral said its earnings benefited from no further outbreaks of bird flu at its farms and significantly better all-round trading results.

Trematon Capital said on October 20 it expected to report on Monday that its HEPS for the year to end-August increased more than tenfold from 1.7c to between 20.2c and 20.4c.

Distribution and Warehousing Network (Dawn) said on November 16 its headline loss per share for the six months to end-September narrowed to about a tenth of the R1.37 it reported in the matching period.

Statistics SA is scheduled to release September’s tourist accommodation report at 10am, land transport at 11.30am, and food and beverages at 1pm.

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