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Johannesburg - The share price of Wilson Bayly Holmes (WBO) has raced up over 5% in afternoon trading after the group advised of a substantial jump in earnings.
At 14:45 on the JSE the shares were quoted 5.3%, or 215c, higher at R43 from Tuesday's close.
The investment holding company said in a trading statement on
Wednesday that its earnings per share for the six months ending December 31 2005 are expected to be between 40% and 60% higher.
The group also expects headline earnings of increase by between 30% and 50% compared with those for the comparative period in 2004.
The increases are, in part, due to the restatement at fair values of the group's investments in certain concessions, it said.
Interim results will be published on or about February 28 2006, it added.