https://www.engineeringnews.co.za

Imperial Holdings warns of lower H1 earnings

Mark Lamberti

Mark Lamberti

Photo by Duane Daws

9th February 2015

By: Sashnee Moodley

Polity and Multimedia Managing Editor

  

Font size: - +

JSE-listed Imperial Holdings’ share price on the JSE fell nearly 5.7% on Monday afternoon as the company warned of lower operating income and earnings for the six months ended December 31.

Operating income for the six months under review was likely to be between R2.82-billion and R2.91-billion, which would be between 8% and 11% lower than the R3.17-billion of the year-ago six-month period.

Last year, Imperial CEO Mark Lamberti attributed the decline in operating income to the weakness of the rand, which impacted on the competitiveness and profitability of the vehicle import, distribution and dealership division.

Meanwhile, earnings per share (EPS) were expected to be between 727c and 754c, or between 16% and 19% lower than the EPS of 898c reported in the first half of the prior financial year.

The expected headline earnings per share (HEPS) of between 740c and 765c for the six months under review would be between 8% and 11% lower than the HEPS of 831c in the prior comparable period.

Imperial’s share price fell by 5.68% to R186.08 on Monday, compared with Friday’s close of R197.30.

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Axiom Hydraulics
Axiom Hydraulics

Axiom Hydraulics is a trusted leader in South Africa’s hydraulic industry, delivering world-class components, systems, and engineering expertise...

VISIT SHOWROOM 
Egoli Gas (Pty) Ltd
Egoli Gas (Pty) Ltd

As a reticulator, Egoli Gas provides natural gas to homes and businesses via underground pipes.

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







301

sq:0.051 1.09s - 122pq - 2rq
Subscribe Now