South Africa’s Remgro sees FY HES lower between 28-32%

By bne IntelliNews June 10, 2010
Remgro said it expects reported FYHES for the year to end March to come in at between 28-32%. The company citedits unbundling of British American Tobacco as the main reason for lowerearnings. Excluding the equity accounted income of BAT and non-recurring costsrelating to that transaction, HES from continuing operations is not expected todiffer by more than 20% y/y. The company said it expects to release the resultson 21 June.

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