• Future imperfect

    A lack of compassion with ordinary people is crucial to SA’s failures, says Mandi Smallhorne.

  • Will Gordhan be fired?

    An economist ponders the top question concerning those who control international capital flows.

  • Terry Bell's Inside Labour

    The economic policy pendulum seems to be swinging away from laissez-faire to regulation.

All data is delayed
See More

Barloworld beats earnings forecasts

Nov 19 2012 08:39

Company Data


Last traded 89
Change 2
% Change 2
Cumulative volume 102259
Market cap 0

Last Updated: 24-10-2016 at 10:14. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Truckers throw in towel, mines drop axe

Barloworld falls on rating downgrade

Barloworld in new Africa rail JV

Barloworld up on strong miner demand

Barloworld sees profits jump up to 50%

Barloworld dips as Caterpillar pares view

Johannesburg - Industrial group Barloworld [JSE:BAW] reported a 46% rise in full-year profit on Monday, slightly beating market estimates, on buoyant demand in southern Africa and Russia.

Barloworld, the biggest dealer of Caterpillar earth-moving equipment in southern Africa, said headline earnings per share totalled 675 cents in the year to end-September, above a 674c estimate in a Reuters poll of 10 analysts. It reported 461c a year earlier.

Headline EPS, the main measure of profit in South Africa, strips out certain one-off items.

The company, which also operates in Russia, Iberia and several African countries such as coal and gas-rich Mozambique, said its Russian business delivered a strong performance, although its Iberian unit suffered due to an economic slowdown in Spain.

Demand for industrial equipment has increased in southern Africa countries such as Mozambique, where enough gas to supply Germany, Britain, France and Italy for 13 years was discovered recently.

But the company said a spate of wildcat strikes that slashed production in South African platinum and gold mining industry was likely to hit demand.

"Overall we expect reduced mining deliveries into 2013 although there are some signs of a modest improvement in construction activity and aftermarket revenues should hold up well," the company said.
barloworld  |  earnings reports



Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Company Snapshot

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

Do you use all your downloaded apps on your smartphone?

Previous results · Suggest a vote