PSG Group Ltd. announced restatement of earnings results for the year ended February 28, 2014. For the period, the company recurring headline earnings per share amounts to 448.8 cents instead of 446.9 cents. Headline earnings per share amounts to 553.2 cents instead of 551.3 cents; and attributable earnings per share amounts to 578.5 cents instead of 574.9 cents.

The company provided earnings guidance for the year ended February 28, 2015. For the period, the company recurring headline earnings per share will be between 590 cents and 597 cents, or between 31.5% and 33% higher than the 448.8 cents reported for the year ended 28 February 2014; headline earnings per share will be between 814 cents and 823 cents, or between 47.1% and 48.8% higher than the 553.2 cents reported for the year ended 28 February 2014; and attributable earnings per share will be between 806 cents and 816 cents, or between 39.3% and 41.1% higher than the 578.5 cents reported for the year ended 28 February 2014. The increase in recurring headline earnings per share was primarily due to commendable recurring headline earnings per share growth from Capitec (26%), PSG Konsult (31%) and Zeder (15%). Headline earnings per share increased by a larger margin than recurring headline earnings per share mainly due to marked-to-market profits achieved on listed shares held by PSG's associated BEE investment holding company. Attributable earnings per share increased by a smaller margin than headline earnings per share mainly due to non-headline impairments of intangible assets.