enX Group Limited announced restatement of earnings results for the six month period ended February 28, 2015. For the period, the company announced that in accounting for the business combination of Centlube Proprietary Limited for the six month period ended February 28, 2015, the purchase price had been allocated to the respective assets and liabilities on a provisional basis. The provisional accounting was subsequently adjusted for the year ended 31 August 2015 based on new information obtained within a time frame of 12 months post the Centlube acquisition date which is consistent with enX's accounting policies and as provided for within IFRS 3: Business Combinations. These adjustments to the fair values determined in the provisional accounting were treated as adjustments to the comparative results for the six months ended 28 February 2015. The company restated loss per share of 0.1 cents against previously reported of 1.4 cents. Restated headline earnings per share were 2.5 cents against previously reported of 2.4 cents. Restated adjusted headline earnings per share were 3.7 cents against previously reported of 3.8 cents. Restated net asset value per share as on February 28, 2015 was 104.1 cents against previously reported of 104.2 cents. Restated tangible net asset value per share was 70.5 cents against previously reported of 70.5 cents.

The company's earnings per share (EPS) for the six months ended 29 February 2016 is expected to be between 2.9 cents per share and 3.3 cents per share, compared to the restated loss per share of 0.1 cents for the six months ended 28 February 2015. Headline earnings per share (HEPS) for the current interim period is expected to be between 2.9 cents per share and 3.3 cents per share, being between 16% and 32% higher than the restated HEPS of 2.5 cents per share for the corresponding period. The company advised that adjusted headline earnings per share (adjusted HEPS) for the current interim period is expected to be between 3.8 cents per share and 4.2 cents per share, being between 3% and 14% higher than the restated adjusted HEPS of 3.7 cents for the corresponding period.