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Car distribution ups Imperial

Aug 19 2010 15:52 I-Net Bridge

Company Data

Imperial Holdings Ltd [JSE : IPL]

Last traded R160.31
Change R2.81
% Change 1.78%
Cumulative volume 1.46m
Market cap R33.64bn

Last Updated: 25/05/2012 at 19:32. Prices are delayed by 15 minutes. Source: McGregor BFA

 

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Johannesburg - Diversified industrial services and retail group Imperial Holdings [JSE:IPL] said on Thursday it expects an increase in headline earnings per share of between 38% to 40% for the financial year ending on June 30 2010, from 715 cents previously.
   
Imperial expects earnings per share for the period to be 34% to 36% more than 776 cents in 2009.
   
Operating profit is expected to increase by approximately 34% from R2.453bn in the previous financial year, it said.
   
"All trading divisions contributed to the growth in the second half of the financial year with a particularly strong performance in vehicle distribution and retailing. Levels of trading across the group during May and June exceeded our expectations," it said.
  
Imperial pointed to the impact of the revaluation of the financial instrument relating to the Lereko BEE transaction, which contributed R78m for the full year.
   
Imperial expects to publish its results on about August 25 2010.

 
 
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