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Esorfranki earnings seen soaring

Oct 15 2012 09:49 I-Net Bridge

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Johannesburg - Esorfranki [JSE:ESR] advised on Monday that for the six months ended August 2012 it expects to report basic earnings per share of between 11.0 and 13.2 cents and headline earnings per share of between 7.0 and 8.4 cents.

When compared to the corresponding accounting period‚ these numbers represent an increase in EPS of between 329% and 375% and HEPS of 280% and 315%.

Esorfranki's work on hand and future pipeline remain healthy‚ with a secured outstanding order book in excess of R2.4bn as at the date of this announcement and imminent pending awards of approximately R645m‚ it said.

The company's results for the six months ended August 2012 are expected to be published during the week ending 26 October 2012.


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