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Protech Khuthele Holdings Ltd Comments On H1 2014 Earnings Guidance


Friday, 4 Oct 2013 03:30am EDT 

Protech Khuthele Holdings Ltd announced that for first half of 2014, it expects basic earnings per share (EPS) to decrease to between ZAR0.029 and ZAR0.033 and headline earning per share between 2.5 and ZAR0.029 for the period. The reduction in earnings is primarily due to approximately ZAR13 million costs incurred as a result of the Eqstra Holdings Limited’s general offer to acquire the entire issued ordinary share capital of the Company that it does not already own. The offer lapsed at the end of July 2013 and the Company is not anticipating to incur further costs in this regard. The decline in work from the mining industry and the delay in the rollout of government infrastructure projects also affected earnings adversely. 

Company Quote

17.0
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12 Jun 2014