Basil Read expects EPS turnaround - CNBC Africa

Basil Read expects EPS turnaround

Earnings

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Basil Read Holdings Limited is a construction, engineering, mining and property development group. PHOTO: Getty Images

The construction, engineering, mining and property development group expects its earnings per share (EPS) to be between 220 and 250 cents. This is compared to a loss per share of 136.54 cents for the previously reported corresponding period.

It expects its HEPS to be between 80 and 90 cents per share compared to the 130.84 loss per share for the previous corresponding period.

(READ MORE: Basil Read reports 196% rise in H1 earnings)

“Shareholders are further advised that Basil Read expects its earnings per share from continuing operations for the 12 months ended 31 December 2013 to be between 90 and 100 cents per share compared to the 158.21 cents loss per share for the previously reported corresponding period,” it said.

The company had reported a 196 per cent rise in headline earnings per share (HEPS) for the period ended 30 June 2013. Revenue increased to three billion rand from 2.7 billion rand and its order book was up from 10.2 billion rand to 12.2 billion rand.

(READ MORE: Scars from Competition Commission inquiry still sting for Basil Read)

[DATA BSR:Basil Read] was also fined 94.9 million rand by the Competition Commission last year along with Aveng, Murray and Roberts and WBHO on charges of collusion and price-fixing.

It is expected to publish its annual results for the year ended 31 December 2013 on or around 26 March 2014.

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