Stefanutti expects earnings climb

10 March 2015

Stefanutti Stocks expects its earnings a share for continuing and discontinued operations to be between 105.1c and 118.7c for the financial year ended February 28 – representing a 55% to 75% year-on-year increase.

Headline earnings would be between 98.7c and 111.5c, compared with 63.7c in the prior financial year.
Withdrawing from the power line market had resulted in its power division becoming a discontinued operation and the results for the 2014 financial year would be restated to reflect continuing operations.

As a result, earnings a share in respect of continuing operations for the year under review would be between 134.9c and 152.3c – an increase of 55% to 75% on the restated 87c recorded in the 2014 financial year.

Headline earnings a share would likely be between 128.7c and 142.3c for the year under review, compared with the restated 83c in the prior financial year.

Financial results for the year would be published on or about May 22.
Stefanutti’s share price on the JSE rose 27% on Monday.


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