Construction company Group Five (GRF) said on Wednesday that it expects full-year headline earnings per share (HEPS) to be 40%-50% higher than the HEPS of 283c in the year-earlier period.
“The underlying performance of all the group’s businesses was pleasing in the context of weak domestic markets and in line with expectations‚†the company said in a trading update.
Group Five is scheduled to release its results for the year ended June 2014 on August 13.
At 4pm‚ the counter was trading at R40 per share after the release of the update‚ 6.66% firmer from Tuesday’s close of R37.39.