JSE-listed Sephaku Holdings expects to report a basic loss a share for the year ended March 31, 2014, of between 1.36c and 1.63c and a headline loss a share of between 2.15c and 2.58c.
The construction materials provider said in a trading update on Friday that the change in earnings was mainly attributable to a change in its financial year-end from June to March with effect from the 2013 financial year.
This resulted in the corresponding period being a nine-month period, whereas the 2014 period reflects a 12-month period.
The expected earnings were also expected to be affected by subsidiary Métier’s results for the year ended March 31, 2014, which were, for the first time, included in the group’s consolidated results for a full-year period.
Sephaku acquired Métier for R365-million in March 2013.
By: Natalie Greve