Insimbi Industrial Holdings warns of earnings drop

Insimbi Industrial Holdings Limited (JSE:ISBE) has issued a trading statement, alerting investors to an expected decline in financial performance. The company projects that earnings per share (EPS) will decrease by at least 20% compared to the previous year. This translates to a drop of at least 2.37 cents per share, from an EPS of 11.86 cents recorded for the year ended February 29, 2024. Headline earnings per share (HEPS) are also forecast to decrease by at least 20%, representing a fall of at least 2.50 cents per share, when compared to the HEPS of 12.54 cents for the year ended February 29, 2024. The company stated that a further trading statement will be released via SENS when the company has a reasonable degree of certainty on the expected EPS and HEPS ranges or numbers for the Current Period. Insimbi expects to release audited results around May 30, 2025.