News Formal

Lewis expects higher headline earnings as credit book remains healthy

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 63%

Malaysia News News

Furniture retailer's headline earnings for the period are expected to be 15%-25% higher

Furniture group and lender Lewis will report a healthy headline earnings rise of at least 15% for the year ending in March, thanks to good sales and an improving credit book.

Headline earnings for the period, a profit measure in SA, are expected to be 15%-25% higher than the previous year’s R463m, reaching at least R533m. Due to share buybacks in 2021, Lewis has fewer shares in issue, than in 2020. This has inflated the headline earnings per share figure, that will increase 30%-40%...

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Insimbi shares jump on possible earnings growthMetals and plastics maker’s share price surges after it says earnings expected to more than double 🔒
Source: BDliveSA - 🏆 12. / 63 Read more »

Newpark Reit raises dividend after headline earnings doubleThe company aims to build a portfolio of high-quality property assets that can withstand tough economic times and offer good returns
Source: BDliveSA - 🏆 12. / 63 Read more »

US stocks fall as Target plunges on weak resultsTarget, the North American-focused big-box retailer, plunged more than 25 percent after earnings missed expectations despite higher sales.
Source: eNCA - 🏆 49. / 51 Read more »