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M&R expects year-end earnings improvement

M&R expects year-end earnings improvement

Photo by Duane Daws

26th August 2013

By: Natasha Odendaal

Creamer Media Senior Deputy Editor

  

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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.

Edited by Mariaan Webb
Creamer Media Contract Publishing Editor

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