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Alexander Forbes Group Holdings anticipates 10-20% increase in headline earnings per share
The Mercury
|May 21, 2025
ALEXANDER Forbes Group Holdings (Alexforbes) said headline earnings per share (HEPS) for the 12 months to March 31 are expected to increase between 10% and 20% when the group releases its annual results around June 9, 2025.
The management of the JSE-listed financial services group said in a trading statement Tuesday that HEPS is expected to be between 67.7 cents and 73.8 cents, compared with 61.5 cents the previous year. The result would also reflect a payment arising from a legal claim.
The share price notched up 2.1% to R8.85 Tuesday morning after the release of the earnings forecast, while at the same time, the JSE's financial index was down by 0.22%. Alexforbes' share price was 34% higher than a year before.
Basic earnings per share are expected to increase between 25% and 35% to between 68.4 cents and 73.8 cents from 54.7 cents the previous year.
This story is from the May 21, 2025 edition of The Mercury.
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