Standard Bank expects earnings hit

Locally-listed SBN Holdings – with Standard Bank Namibia as its flagship brand – expects its earnings per share (EPS) and headline earnings per share (HEPS) for the half-year ended 30 June 2020 to be substantially lower than those of the same six months in 2019.
Both EPS and HEPS are likely to be between 10% and 20% lower, SBN Holdings said today in a trading statement on the Namibian Stock Exchange (NSX).
HEPS is an indication of the profitability of a company's core business.
SBN Holdings listed on the Local Index of the NSX in November last year. At the time, the price per share was N$9.20.
SBN today closed at N$8.30 per share.