Construction entity Group Five (GRF) is set to announce its results for the year ended June 2010 on August 10.

In a trading update in July, the group indicated it anticipates fully diluted headline earnings per share to be between 5%-15% higher at 533 cents to 584 cents per share, from 508 cents previously.

Group Five said it expects fully diluted earnings per share to be between 40%-50% lower at 243 cents per share to 292 cents per share, from 486 cents previously.

A consensus forecast by I-Net Bridge points to fully diluted headline earnings per share of 524.6 cents and a dividend per share of 131.5 cents.

Group Five said in July that market related impairments of the construction materials businesses and pension fund surpluses had affected its results.

"The FD HEPS numbers above have been affected by positive adjustments arising from annual pension fund valuations," it said.

Source: I-Net Bridge

Publisher: I-Net Bridge
Source: I-Net Bridge