Curro forecasts a sharp decline in recurring headline earnin

Curro forecasts a sharp decline in recurring headline earnings per share


Curro forecasts a sharp decline in recurring headline earnings per share
By Edward West
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CURRO Holdings said in a trading statement yesterday that recurring headline earnings per share were expected to decrease by between 54.7 percent and 47.1 percent for the six months to the end of June.
Recurring headline earnings per share were expected to be between 18 cents and 21c, the education company said.
One of the reasons was a R1.5 billion rights offer in September last year, which resulted in 42 percent more shares in issue during the first half of this year compared with the first half of last year, which reduced earnings per share meaningfully.

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