Shares in Super Group plunged nearly 13% after it said yesterday that its annual headline earnings per share (heps) could fall as much as 30% amid a challenging trade environment.
By 4.30pm its shares were12.66% lower at R25.80.
In a trading statement and operational update, it said a review by management of the year-end financial results for the 12 months ended June 30, 2024 has indicated that projected heps would decline by between 20% to 30% to between 334.2 cents and 382 cents per share.
This as earnings per share were likely to fall between 94% and 104% in a range of between a loss of 19.2 cents per share to 28.9 cents per share.
Projected revenue was expected to rise between 0% to 10% to between R62 billion to R68.2bn, while operating profit was expected to decline by between 0% and 10% to a range of between R3.62bn to R4bn.
