WG Wearne: Headline loss a share to shrink

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