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BRIEF-BSI Steel Ltd Expects to Report HEPS Of 1.6 Cents In Interim Results

Published 2017/12/13, 15:37
Updated 2017/12/13, 15:40
© Reuters.  BRIEF-BSI Steel Ltd Expects to Report HEPS Of 1.6 Cents In Interim Results
BSSJ
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Dec 13 (Reuters) - BSI Steel Ltd BSSJ.J :

* REGARDING EXPECTED RESULTS FOR SIX MONTHS ENDED 30 SEPTEMBER 2017, COMPANY HAS NOW DETERMINED MAGNITUDE OF ADJUSTMENT OF R8.7 MILLION

* INITIALLY EXPECTED TO AMORTISE ADJUSTMENT OVER 3 YEARS IN LINE WITH LOCK-IN PERIOD OF B-BBEE TRANSACTION; IT IS NOW REQUIRED TO BE EXPENSED IN FULL IN INTERIM RESULTS

* AFTER TAKING INTO ACCOUNT ADJUSTMENT, COMPANY WILL REPORT EPS OF 1.4 CENTS AND HEPS OF 1.6 CENTS IN INTERIM RESULTS.

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