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Italtile earnings seen 20-23% higher

Feb 01 2012 08:14 I-Net Bridge

Company Data

Italtile Ltd [JSE : ITE]

Last traded R5.54
Change R-0.01
% Change -0.18%
Cumulative volume 9,000
Market cap R5.72bn

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

 

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Share Share line Print

Johannesburg - Italtile [JSE:ITE] advised on Wednesday that its basic earnings per share and headline earnings per share for the six months ended December 2011 are expected to be between 20% and 23% higher than the prior comparable period.

The group said while trading conditions remained challenging, it had succeeded in increasing turnover of Group-owned stores and entities by between 20% and 25% and gained market share across the brand portfolio.

The group's results are expected to be released on 15 February.

 

 
 
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