22 August 2018 | Bankwese

New director for Capricorn Group, drop in HEPS expected

Mihe Gaomab II has been appointed a director of the Capricorn Group board effective 21 August 2018.
In a statement on the Namibian Stock Exchange (NSX) today, Capricorn said Gaomab was nominated by the Government Institutions Pension Fund (GIPF) following its investment in Capricorn Group during 2017.
Capricorn last week said it anticipates the group total comprehensive income for the year ended 30 June 2018 to increase between 3% and 8% and basic earnings per share (EPS) to range between -2% and +3% compared to the prior year.
The group results for the financial year include a capital profit on the partial sale of a non-core asset and a gain realised on acquisitions. After adjusting for these items, headline earnings per share (HEPS) for the year ended 30 June 2018 are anticipated to decrease between 10% and 15% compared to the prior year. Going forward the earnings from the acquisitions made during the year will contribute to EPS and HEPS.
The results for the year ended 30 June 2018 are expected to be published on or about 23 August.