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Eqstra adjusts HEPS, EPS forecast following Protech Khuthele liquidation

15th August 2014

By: Leandi Kolver

Creamer Media Deputy Editor

  

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Industrial and capital equipment group Eqstra on Friday said it expected its headline earnings per share (HEPS) for the year ended June 30 to decrease by between 25% and 30%, while earnings per share (EPS) were expected to be between 37% and 42% lower.

The company had previously advised shareholders that it expected its HEPS and EPS for the period to decline by between 32% and 42%; however, subsequent to this announcement, Protech Khuthele Holdings, in which the company held 32.8%, was placed under liquidation.

Therefore, Eqstra had adjusted the R63-million investment impairment for HEPS that had not been taken into consideration in the previous announcement, the company explained.

Eqstra would release its full-year results on or about September 2.

Edited by Tracy Klückow
Creamer Media Contributing Editor

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