Group Five sees H1 HEPS between 15% and 25% higher

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Group Five expects headline earnings per share to be 15%-25% higher at between 125c and 136c for the six months to December 31 2015 from 109c per share in the year-earlier period.

Strong financial results from the investments and concessions cluster had offset a continued weak performance from the engineering and construction cluster‚ which produced operating results below expectation for the interim reporting period‚ the company said.

The investments and concessions cluster delivered “excellent” results due to continued strong performance from the underlying projects.

The group’s results for the interim period will be released on February 15 2016.

At 10.22am the counter was trading 10.28% higher at R15.99 after the release of the trading update. The stock closed at R14.50 on Thursday.


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