This translates into headline earnings per share of between 218 cents and 234.3 cents compared with 148.9 cents previously.
Headline earnings before foreign exchange are expected to be between R368.4m and R416m‚ which are 14.9% and 3.9% respectively below the R433m for the previous comparable period.
Headline earnings per share before foreign exchange are likely to be down by the same margin at between 170.8 cents and 192.8 cents from 200.6 cents.
Basic earnings are expected to be between R466.1m and R496.9m compared with R280m previously. This represents an increase of 66.2% and 77.2% respectively, equivalent to 216 cents and 230.3 cents.
Greater detail will be provided when Massmart's final figures are released.
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