Sann Group expects profit in line with expectations despite FX headwinds
Source - SMW
Asset administration service provider Sanne Group said it had been hit with adverse foreign exchange movements in the second half, but still expected to report underlying earnings per share in line with its expectations.
The company said it would also amend the accounts presentation of share-based payments in its results statement to include them in the underlying earnings calculation.
'This amounted to non-cash amounts of circa £0.7m and £1.6m in each of the years ended 31 December 2016 and 2017 respectively. This is a presentational change only,' the company said.