Deneb Investments Limited provided earnings guidance for the six months ended 30 September 2023. For the period, the company Earnings per share ("EPS") is expected to range between 8.5 cents and 12.1 cents per share, representing a decrease of between 33% and 53% compared to the EPS of 17.98 cents reported for the 6-month period ended 30 September 2022; and Headline earnings per share ("HEPS") is expected to range between 8.6 cents and 11.8 cents per share, representing a decrease of between 26% and 46% compared to the HEPS of 16.05 cents reported for the 6-month period ended 30 September 2022. The Company further advised that the financial results for the Current Reporting Period are not comparable to the Prior Reporting Period as the Prior Reporting Period includes the net proceeds after taxation received from the insurance claim for business interruption, which equates to R43,7 million or 10.01 cents per share.

The Company accordingly advised that if the proceeds of the insurance claim are excluded from the financial results for the Prior Reporting Period, a reasonable degree of certainty exists that for the Current Reporting Period: EPS is expected to range between 9.5 cents and 11.1 cents per share, representing an increase of between 19% and 39% compared to the adjusted EPS of 7.97 cents for the 6-month period ended 30 September 2022; and HEPS is expected to range between 9.6 cents and 10.8 cents, representing an increase of between 59% and 79% compared to the adjusted HEPS of 6.04 cents for the 6-month period ended 30 September 2022.