Verimark expects turnaround

Johannesburg - Retailer Verimark Holdings [JSE:VNK] said Monday that it is reasonably certain that its results for the 6 months ended August 2010 will reflect positive earnings per share and headline earnings per share compared to the losses of the previous corresponding period.

The improvement in the company's results is a continuance of the positive trend in trading and profitability reported for the final 6 months of the last financial year, it said.

At this stage, the company is unable to quantify, with reasonable certainty, the expected range of the improved EPS and HEPS for the period and a further trading statement will be released once it is able to qualify the expected range of EPS and HEPS, it said.