M&R expects year-end earnings improvement
JSE-listed Murray & Roberts on Monday said it expects its year-to-June financial results to register upwards of a 20% hike in earnings.
The construction giant would deliver diluted headline earnings a share of between 176c and 196c for the year to June 2013, compared with the headline loss a share of 246c in the preceding year.
Diluted earnings a share for the year would reach between 235c and 255c a share, a turnaround from last year’s 214c diluted loss a share.
Profit from the disposal of Murray & Roberts' stake in the Forge Group in March had been included in the diluted earnings a share records, but excluded from the diluted headline earnings.
Murray & Roberts would publish the financial results for the year to June on August 28, before hosting investor presentations in Johannesburg on August 29 and in Cape Town on September 2.
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