Brimstone Investment Corporation Limited Provides Earnings Guidance for the Six Months Ended 30 June 2021
August 19, 2021 at 08:00 am EDT
Brimstone Investment Corporation Limited advised that the Company is in the process of finalizing its financial results for the six months ended 30 June 2021 and expects EPS to be between 94.1 cents and 101.7 cents, representing an increase of between 227% and 237%, compared to the loss per share of 74.4 cents reported in the Comparative Period. HEPS is expected to be between 96.9 cents and 104.7 cents, representing an increase of between 225% and 235%, compared to the headline loss per share of 77.3 cents reported in the Comparative Period. The Current Period profit is mainly due to: strong trading performances by certain of the Group's subsidiaries; the upward revaluation of all listed investments; the increase in the Group's share of profits of associates and joint ventures; and a reduction in the Group's finance costs, as a result of the settlement of debt and lower interest rates.