- The Group’s South African business will report an operating profit before non-operational items in line with the prior comparable period, while GBK Restaurants Limited (“GBK”) UK will record an operating loss before non-operational items of GBP4.6 million (2018: GBP3.7 million).
- The basic loss per share is expected to be within the range of 432 cents per share to 528 cents per share compared to the basic earnings per share of 22 cents per share in the prior corresponding period.
- an impairment of R873.9 million (pre-tax) relating to the GBK UK business, recognised at Group level (as published in the interim results for the six months ended 31 August 2018, announced on SENS on 29 October 2018);
- once-off costs of R17.2 million for professional fees and redundancy costs related to the Company Voluntary Arrangement (“CVA”) completed at GBK UK during the review period; and
- an impairment of R25.5 million recognised in an associate company in which the Group has a minority stake.
- Basic headline earnings per share (“HEPS”) compared to the prior corresponding period are expected to be within the range of 265 cents to 329 cents per share (2018: 393 cents), being an approximate decrease of 33% to 16%.