JSE-listed Comair expects to report an 85% to 104% year-on-year increase in headline earnings per share (HEPS) to between 67c and 75c for the financial year ended June 30.
Earnings per share (EPS) are expected to be between 49% and 68% higher year-on-year, at between 62c and 70c.
This compared with HEPS of 36.5c and EPS of 41.5c in 2016.
Comair attributed the increases to the partial recovery of exchange losses incurred in the prior financial year, pertaining to the restatement of a dollar-denominated aircraft loan, as well as the nonrecurring losses on oil hedges incurred in 2016.
The company will release its results on September 12.
Edited by: Creamer Media Reporter
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