Eqstra anticipating higher earnings
EQS
Posted Fri, 03 Feb 2012
Shareholders are advised that the group anticipates earnings per share (EPS) to increase by between 53% and 58% and headline earnings per share (HEPS) to increase by between 19% and 24% for the six months ended 31 December 2011 based on continuing operations when compared to previously reported comparative HEPS and EPS. A portion of the Construction and Mining Equipment Distributorship division has been classified as discontinued operations in terms of IFRS5: Non- current assets held for sale and discontinued operations. Shareholders are advised that negotiations regarding the sale of the Eqstra Mining Services business unit are progressing well and further announcements will be made once finalised. The corresponding period's EPS and HEPS of 30.3 and 30.4 respectively have been restated to 31.0 cents per share and 31.1 cents per share respectively.
Eqstra's interim results will be released on SENS on 21 February 2012. The group will be updating the market on its business in a presentation in Johannesburg on the same day, and in Cape Town on 22 February 2012. The presentation will be available on 21 February 2012 for all stakeholders on the group's website www.eqstra.co.za
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