Basil Read recovers

24 March 2014

Construction, mining, development and engineering group Basil Read expects a return to profitability for the year to December as its earnings increased over the period.

EPS from continuing operations during the year to December 2013 were expected to be between 90c and 100c, compared with the 158.21c loss in the prior financial year.

The group reported that headline earnings a share during the period were between 80c and 90c, compared with the loss of 130.84c in the corresponding period the year before.

Basil Read would publish its financial results on March 26.

By: Natasha Odendaal

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