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BJM sees mixed results

Nov 12 2009 10:13

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Johannesburg - Investment house Barnard Jacobs Mellet (BJM) reported on Thursday that its interim diluted earnings per share to September 30 had lifted to 12.7c from 8.8c in the year earlier period.

Operating profit before financing costs were reported at R22.6m from R27.7m before.

An ordinary interim dividend of 3c was declared.

The company said it believes the results reflect "resilience through a down cycle".

As to prospects ahead, the directors said in a statement: "We expect mixed results for the group into the second half. While optimistic that global market conditions will continue to improve we expect local markets to be constrained by domestic economic conditions. We will continue to explore strategic imperatives to improve the group's competitive positioning."

- I-Net Bridge

 
 
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