Workforce jumps on earnings expectations

Published Feb 1, 2017

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Durban - Workforce Holdings share price jumped more than 8 percent on Tuesday after the group announced that it expected a rise in earnings per share to be between 39.19c and 42.6c for the year to December, from 34c when compared with the prior year.

The company said the increment would reflect a jump of between 15 percent and 25 percent for the year.

The shares responded positively, closing 8.89 percent higher on the day at R2.45.

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The company said headline earnings per share was expected to increase between 38.27c and 41.60c for the year - an improvement of between 15 percent and 25 percent as compared with the end of December 2015.

In the last results, the company also increased its revenue by 32 percent.

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