IFA's FY loss per share seen at 13c-15c

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IFA Hotels &Resorts said in a trading update that the loss per share for the twelve months ended June 30 was expected to be between 13c and 15c.

IFA Hotels & Resorts said in a trading update on Friday that the loss per share for the twelve months ended June 30 was expected to be between 13 cents and 15 cents (2010: loss 31.30 cents per share).

The headline loss per share for the same period was seen at between 18 cents and 20 cents (2010: loss 26.59 cents per share).

"The results for the twelve months ended June 30 will be published towards the end of September.

"The improved results for the twelve months ended June 30 are mainly attributable to a gain on the disposal of the group's Namibian interest and lower finance costs. These have been partially offset by an increase in equity accounted losses," the company added.

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