ARB Holdings forecasts higher profits

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Johannesburg - ARB Holdings (ARH) advised on Monday that for the six months ended December 2012‚ the company expects its earnings per share to be between 20% and 25% higher and its headline earnings per share to be between 15% and 20% higher than those for the six months ended December 2011‚ respectively.

ARB said the bargain purchase price achieved on the conclusion of the acquisition of 100% of Industrial Cable Suppliers has been excluded from the HEPS calculation‚ resulting in the difference between the increase in HEPS and EPS.

ARB’s results are expected to be released on 14 February 2013. - I-Net Bridge

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