CA Sales Holdings Limited (CA Sales), a provider of merchandising, warehousing, and distribution services to fast-moving consumer goods (FMCG) companies, anticipates an uptick in its headline earnings per share (HEPS) and earnings per share (EPS) for the fiscal year ending on December 31, 2023.
The company projects that HEPS will range between 96.2 cents and 100.1 cents, reflecting a surge of 23 percent to 28 percent compared to the 78.2 cents HEPS reported for the previous fiscal year ending on December 31, 2022. Meanwhile, EPS is forecasted to fall between 123.3 cents and 127.2 cents, indicating a rise of 57 percent to 62 percent from the 78.5 cents EPS reported for the same period in 2022.
CA Sales attributes the increase in HEPS to robust organic growth across all operations and the successful integration of new clients. On the other hand, the spike in EPS surpassing that of HEPS is primarily attributed to a gain on bargain purchase entry of R123.6 million, stemming from the acquisition of the T&C Group in Namibia in January 2023. This gain was excluded from headline earnings in the reporting period.
This trading statement serves to fulfill the listing requirements of the Botswana Stock Exchange (BSE), mandating listed companies to issue a cautionary announcement when there is a reasonable expectation that the HEPS and/or EPS for the upcoming reporting period will vary by at least 10 percent from the financial results of the previous corresponding period. CA Sales maintains a dual primary listing on both the Johannesburg Stock Exchange (JSE) and the BSE.
