ARB Holdings share rises after profit forecast
The group warned of writedowns in its year to end-June, but excluding that effect, profit may have risen
13 August 2020 - 13:29
The share price of electrical wholesaler and lighting distributor ARB Holdings was on track for its best performance in about two weeks on Thursday, after saying may have turned a profit in its 2020 year, if it excluded the effects of Covid-19-related writedowns.
ARB expects its headline earnings per share (heps) in its year to end-June to range between 55.29c and 61.11c, which is between 5% higher and 5% lower than the prior matching period...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.