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Keaton reasonably certain of more than 150% higher EPS, HEPS

Keaton Energy's Vanggatfontein colliery

Keaton Energy's Vanggatfontein colliery

Photo by Duane Daws

11th June 2014

By: Creamer Media Reporter

  

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JOHANNESBURG (miningweekly.com) – JSE-listed coal junior Keaton Energy advised shareholders on Wednesday that it was reasonably certain that its basic earnings per share (EPS) for the year ended March, 31, 2014, would be more than 150% higher than the previous corresponding period, predominantly because of improved operational performance.

The company also expected headline earnings per share (HEPS) for the period under review to be more than 150% higher compared with the previous corresponding period. 

“A further trading statement will be issued in due course to [update] shareholders on the group’s performance during the past 12 months and provide earnings forecast ranges for EPS and HEPS as required by the JSE listings requirements,” said Keaton. 

This trading statement has not been reviewed or reported on by Keaton’s external auditor.

Edited by Tracy Klückow
Creamer Media Contributing Editor

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