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Caxton earnings to take a hit

Johannesburg - Caxton and CTP Publishers and Printers [JSE:CAT] said on Friday that for the year ended June 2010 it expects headline earnings per share to be between 20% and 25% lower than those for the prior year.

Earnings per share are expected to be between 60% and 65% lower than those for the prior year, as the prior year included a surplus of R477.1m due to the disposal of shares in Maskew Miller Longman Holdings.

The company's results are expected to be published on or about 24 August 2010.

At 14:35 Caxton's share price was down 65c, or 4.7%, at R13.20.

 
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