BRIEF-African Equity Empowerment Investments Sees HY HEPS To Be Between 30.71 Cents And 49.33 Cents

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BRIEF-African Equity Empowerment Investments Sees HY HEPS To Be Between 30.71 Cents And 49.33 Cents
Credit: © Reuters.

May 18 (Reuters) - African Equity Empowerment Investments Ltd AEEJ.J :

* AFRICAN EQUITY EMPOWERMENT INVESTMENTS LTD - HEPS FOR SIX-MONTH PERIOD ENDING 28 FEBRUARY 2018 EXPECTED TO BE BETWEEN 30.71 CENTS AND 49.33 CENTS PER SHARE

* AFRICAN EQUITY EMPOWERMENT INVESTMENTS - EXPECTS NORMALISED HEPS FOR HY ENDED FEB 28 WILL INCREASE AND WILL BE BETWEEN 30.82 CENTS AND 31.94 CENTS PER SHARE

* AFRICAN EQUITY EMPOWERMENT INVESTMENTS - DURING FINALISATION OF FY RESULTS FOR YEAR ENDED 31 AUGUST 2017, REVALUATION OF FAIR VALUE OF INVESTMENTS WAS IDENTIFIED

* AFRICAN EQUITY EMPOWERMENT INVESTMENTS LTD - IT IS NECESSARY FOR INTERIM RESULTS FOR SIX-MONTH PERIOD ENDED 28 FEBRUARY 2017 TO BE RESTATED

* AFRICAN EQUITY EMPOWERMENT INVESTMENTS LTD - A MATERIAL FAIR VALUE GAIN WOULD HAVE NEEDED TO BE RECOGNISED IN RESULTS FOR HY ENDED 28 FEBRUARY 2017

* AFRICAN EQUITY EMPOWERMENT INVESTMENTS LTD - REPORTED EARNINGS PER PRIOR YEAR INTERIM RESULTS HAVE INCREASED BY R310M FROM R138M TO R449M

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