“Headline earnings per share is expected to be between 40 per cent-50 per cent lower from 102 to 122 cents per share,” read the company’s statement.
(WATCH VIDEO: Group Five post 52% rise in FY EPS)
The group's trading statement added that it expects a fully diluted headline earnings per share (FDHEPS) to be between 40 per cent to 50 per cent lower than the previous comparable period.
“A fully diluted earnings per share is expected to be between 35 per cent to 45 per cent lower and earnings per share to be between 35 per cent to 45 per cent lower than the FDHEPS of 201 cents per share.”
[DATA GRF:Group Five Limited] said, its engineering and construction cluster performance for the period under review was disappointing mostly as a result of a lower rate of trade in a number of segments, due to a subdued order intake during the period.
(WATCH VIDEO: Group Five FY dil HEPS up 88%)
The company also attributed to the contract losses within civil engineering, specifically on one contract experiencing operational difficulties as previously reported; and restructuring costs incurred by the civil engineering segment.
Group Five’s manufacturing cluster delivered a steady performance in flat markets whilst the investments and concessions cluster delivered improved results on the back of a good performance from the European operations and fair value upward adjustments from the
group’s investment in service concessions.