WG Wearne: Headline loss a share to shrink

Comment on this story

WG Wearne expected an increase in basic earnings in the year to February, the financially troubled concrete supplier said yesterday. But the group still anticipated a headline loss a share of between 6c and 6.1c in the financial year, compared with a loss of 6.15c in the previous year. Basic earnings a share were expected to be between 3.6c and 3.75c compared with the previous loss of 5.61c. The group said the increase in earnings a share was mainly due to a reversal of an impairment loss on the Muldersdrift quarry. Shares in WG Wearne closed unchanged at 13c on AltX yesterday. The company will publish its results today. – Roy Cokayne

sign up

Comment Guidelines

  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.

  5. Verified email addresses: All users on Independent Media news sites are now required to have a verified email address before being allowed to comment on articles. You are only required to verify your email address once to have full access to commenting on articles. For more information please read our comment guidelines