What is the Company EPS for KFP?

K.Haputantri wrote:Keels Food Products (KFP) has announced a rights issue. Therefore, I was trying to find out the EPS for the share but their accounts give Group EPS only. The company though recorded a loss for year 2011, seems to have made a profit of around 57 million for 2012. However, they have'nt given EPS for the company. ?Can any expert clarify this issue.

greedy wrote:

K.Haputantri wrote:Keels Food Products (KFP) has announced a rights issue. Therefore, I was trying to find out the EPS for the share but their accounts give Group EPS only. The company though recorded a loss for year 2011, seems to have made a profit of around 57 million for 2012. However, they have'nt given EPS for the company. ?Can any expert clarify this issue.

I do not see LKR57mn anywhere in the accounts.

Profit for the year ended 31/03/2012 is LKR129,358,608
Profit for the quarter ended 31/03/2012 is LKR43,886,000

Therefore EPS for the above periods;

EPS for the year ended 31/03/2012 is LKR129,358,608/8,500,000 = LKR15.21
EPS for the quarter ended 31/03/2012 is LKR43,886,000/8,500,000 = LKR5.16

K.Haputantri wrote:

greedy wrote:

K.Haputantri wrote:Keels Food Products (KFP) has announced a rights issue. Therefore, I was trying to find out the EPS for the share but their accounts give Group EPS only. The company though recorded a loss for year 2011, seems to have made a profit of around 57 million for 2012. However, they have'nt given EPS for the company. ?Can any expert clarify this issue.

I do not see LKR57mn anywhere in the accounts.

Profit for the year ended 31/03/2012 is LKR129,358,608
Profit for the quarter ended 31/03/2012 is LKR43,886,000

Therefore EPS for the above periods;

EPS for the year ended 31/03/2012 is LKR129,358,608/8,500,000 = LKR15.21
EPS for the quarter ended 31/03/2012 is LKR43,886,000/8,500,000 = LKR5.16

Thanks Greedy & Redbulls for your posts. I agree the Company has earned a profit and we can calculate the EPS as you did, but no EPS is given for the Company in their accounts. Kindly refer to the summary of performance- Only Group EPS is given but no company EPS. Why?

K.Haputantri wrote:Thanks Greedy. I do not understand the rationale behind IAS 33.4. Its not investor friendly. I have seen other companies give company specific info., despite IAS 33.4.

greedy wrote:

K.Haputantri wrote:Thanks Greedy. I do not understand the rationale behind IAS 33.4. Its not investor friendly. I have seen other companies give company specific info., despite IAS 33.4.

I guess it makes sense because EPS is calculated for a publicly traded equity instrument. In that sense, it measures earnings attributable to per ordinary share. What is profit attributable per ordinary share is group profit attributable to ordinary shareholders divided by weighted average number of ordinary shares. EPS number based on company profit does not make much sense unless financial statements of the company presented in a report without consolidation involved.

Do you consider EPS based on Group Profit Or EPS based on Company profit in share valuation? It is always group EPS.

Is there any reason why do we need company EPS? I may be missing something here.

K.Haputantri wrote:

greedy wrote:

K.Haputantri wrote:Thanks Greedy. I do not understand the rationale behind IAS 33.4. Its not investor friendly. I have seen other companies give company specific info., despite IAS 33.4.

I guess it makes sense because EPS is calculated for a publicly traded equity instrument. In that sense, it measures earnings attributable to per ordinary share. What is profit attributable per ordinary share is group profit attributable to ordinary shareholders divided by weighted average number of ordinary shares. EPS number based on company profit does not make much sense unless financial statements of the company presented in a report without consolidation involved.

Do you consider EPS based on Group Profit Or EPS based on Company profit in share valuation? It is always group EPS.

Is there any reason why do we need company EPS? I may be missing something here.

I thought I need to look for KFP company EPS (rather than its group EPS) when I plan to buy KFP shares already listed and trading. This is the issue I raised. If the name "KFP" means both its group and the company I have no issue.