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Rainbow expects lower EPS and HEPS

Shareholders are advised that reported earnings, headline earnings, earnings per share (“EPS”) and headline earnings per share (“HEPS”) for the six months to September 2008 are likely to be 35% – 40% lower than the corresponding reporting period of the previous year. As previously noted, reporting the financial effects of certain financial instruments used in the feed raw material procurement strategy introduces volatility to the group”s financial results. These financial instruments are accounted for in terms of IAS 39 (Financial Instruments: Recognition and Measurement). On a pre IAS 39 basis, earnings, headline earnings, EPS and HEPS for the six months to September 2008 are likely to be 25% – 30% lower than the corresponding reporting period of the previous year.