Novus Holdings Limited (JSE: NVS) has issued an initial trading statement. This announcement highlights a notable financial upswing for the fiscal year ending March 31, 2024.
Earnings Per Share Set to Skyrocket
According to management’s review, the Earnings Per Share (EPS) is expected to see a dramatic increase. EPS is projected to rise by at least 200% compared to the previous year.
| Year Ended | EPS (cents) | % Change |
|---|---|---|
| March 31, 2023 | 18.90 | – |
| March 31, 2024 | Expected > 56.70 | >200% |
Headline Earnings Per Share Shows Drastic Improvement
In a remarkable turnaround, Headline Earnings Per Share (HEPS) is forecasted to improve by over 1,000%. This is a significant recovery from the previous year’s headline loss.
| Year Ended | HEPS (cents) | % Change |
|---|---|---|
| March 31, 2023 | -7.35 | – |
| March 31, 2024 | Expected > 73.50 | >1,000% |
Further Details to Follow
The company plans to release a more detailed trading statement. This will occur once there is greater certainty regarding the financial results.
Anticipated Release of Annual Results
The Group’s annual financial results for the year ended March 31, 2024, are scheduled for release on June 14, 2024. This announcement will be made on the Stock Exchange News Service (SENS).
Sponsor and Financial Review Status
The financial data provided in this trading statement has not been reviewed or audited by Novus Holdings’ external auditors. Merchantec Capital serves as the sponsor for this report.
Market Implications
The projected increase in EPS and HEPS suggests a strong recovery. This could positively impact investor sentiment and stock performance.
Strategic and Operational Insights
Novus Holdings’ strategic initiatives and operational efficiencies may be contributing to this financial turnaround. Management’s focus on cost control and revenue growth appears to be yielding results.
Impact on Stakeholders
Shareholders and market analysts are likely to view this development favorably. A significant improvement in earnings can lead to enhanced shareholder value.
Future Prospects
With such promising financial indicators, Novus Holdings may attract increased investor interest. The company’s robust performance could position it for further growth and expansion.
Conclusion
Novus Holdings’ initial trading statement reveals an expected substantial increase in EPS and a dramatic recovery in HEPS. The final annual results will provide more clarity on the financial health and future outlook of the company.