01 Feb 2012

Italtile earnings seen 20-23% higher

I-Net Bridge

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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