Fin24

Imperial first-half earnings flat

2012-02-22 10:11

Johannesburg - Logistics group Imperial Holdings [JSE:IPL] on Wednesday reported flat first-half headline earnings and said it expects the performance seen in the past six months to continue in the second half of its financial year.

"While the current economic environment will continue to be challenging, Imperial's businesses should continue performing well in most of their markets," the company said in a statement.

Imperial, which also operates car retail and rental businesses, said headline earnings per share for the six months to the end of December were at 727 cents, compared with 725c the previous year.

Revenue rose 22% to R38.39bn.

Imperial declared an interim dividend of 300 cents per share, up 36% on the comparison period.

Shares in the company are up 8% so far this year, compared with a 6.63% rise in the JSE All Share [JSE:J203] index.