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Johannesburg- Construction supplies group Accentuate [JSE:ACE] has posted a diluted headline loss per share of 3.72 cents in the year ended June, from headline earnings of 11.95 cents per share in the previous corresponding period.
The drop in earnings has been attributed to the fall-off in construction activity.
Revenue eased to R249.3m from R254.8m,, while loss from continuing operations amounted to R62.0m,, from a R9.5m profit a year ago.
Accentuate manufactures and distributes supplies, including flooring, glass and aluminium, chemical cleaning and related products and services.
The company said its infrastructure supplies division was affected by the low investment in both the commercial and private property sectors. The lack of meaningful infrastructure spend on behalf of government further impacted the performance, especially affecting the glass and aluminium sector.
FloorworX, the largest operating company within Accentuate, produced "a credible set of financial results under these most challenging conditions," it said.
"Although revenues were down by 3.1% (15% at the interim period) over the corresponding period, margins recovered and costs were contained in order to present an earnings increase of over R1 million over the corresponding period ended 2010," it said.
The drop in earnings has been attributed to the fall-off in construction activity.
Revenue eased to R249.3m from R254.8m,, while loss from continuing operations amounted to R62.0m,, from a R9.5m profit a year ago.
Accentuate manufactures and distributes supplies, including flooring, glass and aluminium, chemical cleaning and related products and services.
The company said its infrastructure supplies division was affected by the low investment in both the commercial and private property sectors. The lack of meaningful infrastructure spend on behalf of government further impacted the performance, especially affecting the glass and aluminium sector.
FloorworX, the largest operating company within Accentuate, produced "a credible set of financial results under these most challenging conditions," it said.
"Although revenues were down by 3.1% (15% at the interim period) over the corresponding period, margins recovered and costs were contained in order to present an earnings increase of over R1 million over the corresponding period ended 2010," it said.
