Group Five expects to lift H1 earnings by up to 50%
After a year in which Group Five’s businesses performed in line with management expectations and largely in line with guidance, the construction major expects fully-diluted headline earnings per share (HEPS) for the six months ended December 31, to increase by between 30% and 40% to between 196c and 211c.
The company advised shareholders on Tuesday that HEPS for the period was expected to increase by the same margin to between 198c and 213c.
Fully diluted earnings per share (EPS) are also expected to increase by between 40% and 50% higher to between 195c and 209c, while EPS would increase by the same margin to be between 196c and 210c.
“The improved results are delivered following the corrective action taken in the prior year, specifically with regard to the construction materials segment and Middle East business,” the group stated.
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