City Lodge FY dil HEPS seen down 28-32%

Hotel group City Lodge on Tuesday advised shareholders that for the year ended June 30 2009, diluted/undiluted headline and basic earnings per share, which included the costs and effects of the BEE deal concluded on July 28 2008, were anticipated to be between 28% and 32% lower than the previous year.

The group also advised that normalised headline earnings per share, which excluded the costs and effects of the BEE deals concluded on July 28 2008, were anticipated to be between 3% and 6% higher than the previous financial year.

City Lodge results for the year ended June 2009 are expected to be released on or about August 13 2009.

Source: I-Net Bridge