- Improved Interim EPS: Projected to improve by 20% to 40% compared to the prior period
- Heightened Trading Activity: Driven by increased trading activity during the first half, as farmers prepare for the upcoming cropping season
- EPS Range: Expected to range between negative 0.59 and negative 0.79 US cents, an improvement from the negative 1.00 US cents reported in the prior period
Harare- Seed Co International Limited, a leading player in the agricultural sector is anticipating a substantial improvement in its interim earnings per share (EPS) for the half-year ended 30 September 2024 according to the group’s latest circular.
This projection is in line with the Equity Listings Requirements of the Botswana Stock Exchange (BSE), which mandate issuers to announce any variation in their expected EPS exceeding 10% compared to the previous corresponding period.
According to the company's trading update, the Group's interim EPS is projected to improve by approximately 20% to 40% compared to the EPS of negative 1.00 US cents reported for the prior period ended 30 September 2023.
The interim EPS is expected to range between negative 0.59 and negative 0.79 US cents.
The anticipated improvement in EPS is primarily driven by heightened trading activity during the first half, as farmers make advance preparations for the upcoming cropping season following the previous season's drought in Southern Africa.
This increased demand for agricultural products and services has positively impacted Seed Co International's financial performance.
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