https://www.engineeringnews.co.za

Basil Read back in black

Basil Read back in black

Photo by Duane Daws

20th March 2014

By: Natasha Odendaal

Creamer Media Senior Deputy Editor

  

Font size: - +

JSE-listed construction, mining, development and engineering group Basil Read expects a return to profitability for the year to December as its earnings increased over the period.

The group said on Thursday that earnings per share (EPS) for the 12 months under review would reach between 220c and 250c, up from the loss of 136.54c reported in the prior year.

EPS from continuing operations during the year to December 2013 were expected to be between 90c and 100c, compared with the 158.21c loss in the prior financial year.

The group reported that headline earnings a share during the period were between 80c and 90c, compared with the loss of 130.84c in the corresponding period the year before.

Basil Read would publish its financial results on March 26.

Edited by Creamer Media Reporter

Comments

Showroom

Yale Lifting Solutions
Yale Lifting Solutions

Yale Lifting Solutions is a leading supplier of lifting and material handling equipment in Southern Africa. Yale offers a wide range of quality...

VISIT SHOWROOM 
Rentech
Rentech

Rentech provides renewable energy products and services to the local and selected African markets. Supplying inverters, lithium and lead-acid...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.128 0.18s - 150pq - 2rq
Subscribe Now