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Winhold headline earnings static

Johannesburg - Investment holding company Winhold [JSE:WNH] on Monday reported diluted headline earnings per share of 20.7 cents for the year ended September 2010 from 19.4 cents previously.

Diluted earnings per share fell to 19.8 cents from 21.5 cents earlier.

Diluted EPS from continuing operations declined to 27.6 cents from 28 cents, while the company reported a diluted loss from discontinuing operations at 7.8 cents, from a prior loss of 6.5 cents.

The dividend was maintained at 10 cents per share.
 
Winhold's principal activities are carried out through its Flexible Plastics, Mining Consumables and Industrial Consumables divisions.

Total revenue climbed to R1.031bn from R994 947m in 2009.

But operating profit declined to R55m from R56.4m previously.

"The group achieved a record one billion rand turnover and produced satisfactory results in a year where industry had to deal with the effects of the recession, during which mining companies ran down stocks, reclaimed consumables out of mined-out areas and the domestic building industry was at very low levels," it said.

   

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