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Eqstra back in the black

May 30 2011 10:37 Reuters

Company Data

Eqstra Holdings Ltd [JSE : EQS]

Last traded R7.15
Change R0.10
% Change 1.42%
Cumulative volume 476,389
Market cap R3.06bn

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

 

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Johannesburg - Shares of Eqstra Holdings [JSE:EQS] rose 3.2% to R6.50 on Monday morning after the construction and mining equipment leasing company said it expects to return to profit in the year to end-June.

It said it is likely to post headline earnings per share (EPS) of at least 60 cents per share, compared with a loss of 21.7 cents a year earlier. The company does not give a reason for the expected improvement.

Earlier this month Barloworld, which also leases construction equipment, reported a more than three-fold jump in first-half profit, citing recovering demand from mining firms.

 

 
 
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