Grindrod sees H1 headline loss between 46-54 cents/share

Wednesday, 17 Aug 2016 

Grindrod Ltd : Trading statement . HEPS for six months ending June 30 were expected to be negative primarily as a result of exceptionally weak dry-bulk shipping rates during Q1 . Sees headline loss for six month's ended June 30 2016 to be between 46 and 54 cents per share (June 30 2015: headline earnings 43.5 cents per share) . Net asset value is approximately 22.28 rand per share (June 30 2015: 23.16 rand) . Has been necessary to raise an impairment of 675 mln rand in rail businesses .Board has reviewed group's strategy and decided to sell locomotive assembly business. 

Company Quote

-10.0 -1.19%
7:27pm IST