Andulela: Swing back to black expected

Andulela Investment Holdings expected to bounce back from the losses it reported in 2012, with earnings a share of between 6.81c and 8.17c in the year to December last year, the investment firm said yesterday. In the previous year, Andulela reported a basic loss a share of 60.8c. The company, which invests predominantly in mining and metals-related industries, expected headline earnings a share of between 6.44c and 7.72c, after reporting a headline loss a share of 4.63c in 2012. Results are expected to be released on or about March 31. – Londiwe Buthelezi