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Mobile Industries sees 100% earnings drop

Nov 21 2012 11:27 I-Net Bridge

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Johannesburg - Mobile Industries [JSE:MOB] said on Wednesday it anticipated both earnings per share and diluted earnings per share in the six months to September 2012 to decrease by in excess of 100% relative to the 102.1 cents per share a year ago.

The earnings drop is attributable to the fact that Mobile unbundled its entire shareholding in Trencor in February last year‚ giving rise to a large gain in the previous corresponding reporting period.

The interim results are expected on December 14.

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