Esorfranki 2013 earnings to rise
JSE-listed civil engineering and construction group Esorfranki expects to report a 347% to 436% rise in earnings a share for the year ended February 28.
It told shareholders in a trading update on Wednesday that its earnings a share for the year would be between 21c and 25.2c, compared with 4.7c a share in the 2012 financial year.
Headline earnings a share would be between 19c and 22.8c a share, representing an increase of between 206% and 247% on the 6.2c a share recorded in the previous financial year.
Further, the company noted that its work in hand and its pipeline of future work remained healthy, with a secured outstanding order book of R2.5-billion as at February 28 and imminent pending awards of about R3-billion.
Esorfranki would publish its results in the week ending May 31.
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