Keaton expects FY loss as a result of one-off costs

A R159.2-million impairment charge and a R61.5-million breach of contract charge will see Keaton Energy post a headline loss a share for continuing operations of between 16c and 17c for the year ended March 31, compared with headline earnings per share (HEPS) of 12.5c in the prior financial year. Keaton further expected to report a basic loss a share for continuing operations of between 61.7c and 62.7c, compared with basic earnings a share of 12.6c the year before.