Adcorp Holdings Limited announced that the group expects an improvement of at least 20% in both headline earnings per share (which equates to an increase of at least 37.7 cents) and earnings per share (which equates to an increase of at least 35.4 cents) for the year ending 28 February 2015 when compared to HEPS of 188.6 cents and EPS of 176.9 cents reported in the previous year. The increase is as a consequence of a once-off International Financial Reporting Standards requirement of ZAR 87 million, non cash flow share based payment charge to the prior year profits arising from the 2013 BBBEE deal that was finalized, implemented and previously reported with effect from 27 August 2013.