S.Africa's Aspen FY profit misses estimates as local market weighs - CNBC Africa

S.Africa's Aspen FY profit misses estimates as local market weighs

Earnings

by Reuters 0

Aspen missed forecasts with an almost one-third rise in full-year profit on Wednesday. PHOTO: The Dementia Queen

This is as a weak South African home market offset contributions from recent acquisitions.

[DATA APN:Aspen], which supplies to about 150 countries that include Australia, Nigeria, Brazil and the United States, said diluted headline EPS totalled 1,016 cents for the year to the end of June, compared with 787 cents a year earlier.

That was below the 1,071 cents estimate in a Reuters poll of 12 analysts. Headline EPS, the most widely watched profit measure in South Africa, strips out certain one-off items.

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