Wescoal FY17 performance hit by nonrecurring costs, BEE share dilution

JSE-listed Wescoal expects to deliver double-digit decreases in reported headline earnings per share (HEPS) and earnings per share (EPS) for the year ended March 31. The company’s reported HEPS is anticipated to fall by 54% to 62% to between 10.4c and 12.4c apiece for the year under review, compared with the HEPS of 27.1c achieved in the prior year.