Discovery expects to report higher earnings at the halfway stage of the financial year after a “strong” first-half performance, with both headline earnings and normalised headline earnings set to rise as much as 35%.
Both measures are expected to increase by between 30% and 35%, the group said in a statement on Wednesday.
Normalised profit from operations was expected to increase by between 25% and 30%, driven by a robust operating performance across the group, it said.
Similar growth rates were expected for Discovery SA and Vitality — which comprises Vitality UK and Vitality Global.
Headline earnings per share (HEPS) for the six months ended December were expected to be between 629.3c and 653.5c compared with restated HEPS of 484.1c.
Normalised HEPS are expected to increase to between 641.0c and 665.7c from a restated 493.1c before.
Prior period earnings have been restated to reflect the IFRS 17 refinements for VitalityLife, it said.
Discovery will release its results on March 4.
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