National Property Portfolio on Auction

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RBA Holdings Shares soar on return to profit

September 12 2012 at 08:00am
By Roy Cokayne

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Shares in RBA Holdings soared on AltX yesterday after the affordable homes developer said it expected to report a return to profitability in the six months to June. RBA expected headline earnings a share for this period to be between 0.4c and 0.48c compared with a loss of 0.26c in the first half last year. Earnings a share for this period were expected to be between 0.12c and 0.14c compared with the 0.71c loss previously. Chief executive David Wentzel resigned on Monday. He will be succeeded by Aidan-John Rothman. The shares leapt 21.43 percent to close at 17c. – Roy Cokayne


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