Edition:
India

Italtile Ltd (ITEJ.J)

ITEJ.J on Johannesburg Stock Exchange

1,400.00ZAc
3:23pm IST
Change (% chg)

20.00 (+1.45%)
Prev Close
1,380.00
Open
1,420.00
Day's High
1,420.00
Day's Low
1,381.00
Volume
7,094
Avg. Vol
166,709
52-wk High
1,555.00
52-wk Low
1,200.00

Latest Key Developments (Source: Significant Developments)

Italtile Says ‍HY System-Wide Turnover Up At 4.25 Bln Rand
Wednesday, 7 Feb 2018 

Feb 7 (Reuters) - Italtile Ltd ::‍HY SYSTEM-WIDE TURNOVER R4.25 BILLION VS R3.50 BILLION​ YR AGO.‍HY HEADLINE EARNINGS PER SHARE 48,6 CENTS, UP 5 PERCENT​.‍HY TRADING PROFIT AT R716 MILLION​, UP 21 PERCENT.‍LIKE-ON-LIKE RETAIL STORE TURNOVER FOR HY DECREASED BY 3,9%​.‍HY DIVIDENDS PER SHARE AT 17,0 CENTS, UP 6 PERCENT​.‍MANAGEMENT ANTICIPATES THAT SECOND HALF OF YEAR WILL BE STRONGER THAN SECOND HALF OF PRIOR YEAR​.PLANS TO OPEN AT LEAST ANOTHER 10 STORES IN NEXT SIX MONTHS, WHICH WILL BRING TOTAL NUMBER OF STORES OPENED DURING FULL YEAR TO 22​.  Full Article

Italtile says‍ 19-wk total consolidated system-wide turnover 2.8 bln rand
Thursday, 16 Nov 2017 

Nov 16 (Reuters) - Italtile Ltd :FOR 19 WEEKS FROM 1 JULY TO 10 NOVEMBER 2017 TOTAL CONSOLIDATED SYSTEM-WIDE TURNOVER FOR REVIEW PERIOD WAS R2.8 BILLION​.FOR 19 WEEKS ‍TO NOV 10, LIKE-ON-LIKE RETAIL STORE TURNOVER DECLINED BY 5.4% WITH AVERAGE SELLING PRICE DEFLATION ESTIMATED AT 1%​.‍BY END OF NOVEMBER 2017, GROUP PLANS TO HAVE OPENED A TOTAL OF 11 TOPT STORES​.  Full Article

Italtile ‍to raise up to 1.59 bln rand by way of rights offer​
Monday, 23 Oct 2017 

Oct 23 (Reuters) - ITALTILE LTD ::‍TO RAISE UP TO R1.59 BILLION BY WAY OF A PARTIALLY UNDERWRITTEN RENOUNCEABLE RIGHTS OFFER​.‍WILL OFFER TOTAL OF 260.5 MILLION NEW SHARES OF NO PAR VALUE AT SUBSCRIPTION PRICE OF R11.57 PER RIGHTS OFFER SHARE IN RATIO OF 22 RIGHTS OFFER SHARES FOR EVERY 100 SHARES​.‍RIGHTS OFFER WILL BE PARTIALLY UNDERWRITTEN BY DZANA INVESTMENTS PROPRIETARY AND AKA CAPITAL HOLDINGS PROPRIETARY LTD.  Full Article

Italtile updates on acquisition of Ceramic Industries, regulatory approval
Tuesday, 22 Aug 2017 

Aug 22 (Reuters) - Italtile Ltd :UPDATE ON ACQUISITION OF CERAMIC INDUSTRIES PROPRIETARY LIMITED.PURCHASE CONSIDERATION EQUATES TO R3.61 BILLION WHICH WILL BE SETTLED IN CASH (50%) AND BALANCE BY ISSUE OF ITALTILE SHARES AT R11.57 PER SHARE.COMPETITION TRIBUNAL ON AUG 21 ANNOUNCED MERGER HAS BEEN CONDITIONALLY APPROVED. SHAREHOLDERS ARE REFERRED TO STATEMENT RELEASED BY TRIBUNAL.  Full Article

S.Africa's Competition Tribunal conditionally approves Italtile deal with Ceramic Industries,Ezee Tile Adhesive
Monday, 21 Aug 2017 

Aug 21 (Reuters) - SOUTH AFRICA'S COMPETITION TRIBUNAL::CONDITIONALLY APPROVES ITALTILE MERGER WITH CERAMIC INDUSTRIES AND EZEE TILE ADHESIVE MANUFACTURES.  Full Article

Italtile records FY HEPS of 85.7 cents
Wednesday, 16 Aug 2017 

Aug 16 (Reuters) - Italtile Ltd : :FY NET ASSET VALUE OF 403 CENTS VERSUS. 362 CENTS IN 2016.FY LIKE-ON-LIKE RETAIL STORE TURNOVER FOR PERIOD INCREASED BY 2.7%.FY HEADLINE EARNINGS PER SHARE OF 85.7 CENTS VERSUS. 86.9 CENTS IN 2016.FY TRADING PROFIT INCREASED 2% TO R1 063 MILLION.ITALTILE LTD - BOARD HAS DECLARED A FINAL GROSS CASH DIVIDEND (NUMBER 102) FOR YEAR ENDED 30 JUNE 2017 OF 14.0 CENTS PER ORDINARY SHARE."RECOGNISES THAT FURTHER SUBSTANTIAL IMPROVEMENTS NEED TO BE MADE ACROSS BUSINESS TO BRING IT IN LINE WITH GROUP'S EXPECTATIONS".CURRENT SOCIO-POLITICAL AND ECONOMIC CONDITIONS WILL PREVAIL FOR AT LEAST NEXT SIX MONTHS.  Full Article

Italtile FY HEPS to fall between 2.8-0.7 pct
Tuesday, 1 Aug 2017 

Aug 1 (Reuters) - Italtile Ltd ::FY SYSTEM-WIDE TURNOVER OF R6.21 BILLION FOR PERIOD WAS 4.3% HIGHER WHEN COMPARED TO PRIOR COMPARATIVE PERIOD (2016: R5.96 BILLION).FY HEPS EXPECTED TO BE BETWEEN 84.5 CENTS AND 86.3 CENTS FOR PERIOD, REFLECTING A DECREASE OF BETWEEN 2.8% AND 0.7% (2016: 86.9 CENTS).CASH AND CASH EQUIVALENT RESERVES AT END OF PERIOD INCREASED TO R511 MILLION (2016: R347 MILLION), REPRESENTING AN INCREASE OF 47%.  Full Article

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