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Reunert Ltd Issues H1 2013 Earnings Guidance


Friday, 3 May 2013 06:05am EDT 

Reunert Ltd announced that for the first half of 2013, it expects earnings per share and headline earnings per share will be between 13% and 17% lower; and normalised headline earnings per share will be between 12% and 16% lower than the corresponding reporting period of the previous year. The key reasons for the decline in earnings are the impact of a generally slower economy; delays in various external infrastructure roll-outs that have affected the CBi-Electric segment; the port and transport sector strikes in October 2012 affected production volumes within CBi-Electric due to late delivery of raw-materials; and the decrease in the interconnect rates affected the viability of the least cost router (LCR) product offering in mobile telecommunications business. LCR was still a significant profit contributor in the equivalent period last year. 

Company Quote

5946.0
-54.0 -0.90%
24 Dec 2014