Group Five FY15 earnings to plunge
JSE-listed construction giant Group Five expected to report double-digit declines in earnings for the financial year to June 30.
The company’s headline earnings per share (HEPS) and fully diluted HEPS were expected to be between 45% and 53% lower than the prior year.
HEPS would register at 191c to 224c lower than the 407c apiece achieved in the prior year, with fully diluted HEPS expected to be 188c to 219c less than the 399c reported in the 12 months to June 2014.
Earnings per share (EPS) were expected to be between 40% and 50% lower – 201c to 241c lower – than the EPS of 401c posted in the previous corresponding period.
Fully diluted EPS during the period under review would also experience a 40% to 50% fall to between 197c and 236c less than the 394c achieved in the year to June 2014.
Group Five, led by CEO Eric Vemer, planned to publish its financial results for the year on August 17.
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