We've got news for you.

Register on BusinessLIVE at no cost to receive newsletters, read exclusive articles & more.
Register now

Italtile expects headline earnings per share for the six months to December to rise as much as 5.8%, but warned that basic earnings per share might fall. In a trading statement released on Wednesday, the tiles retailer said basic earnings per share were expected to decline to between 48c and 49.1c, from 50.8c in 2016. Headline earnings per share were expected to grow by between 3.4% and 5.8% to between 48c and 49.1c. The group attributed the disparity between basic earnings and headline earnings growth to a gain of R37m realised following the disposal of the Italtile Australia property holding business and the R15m the group gained when it disposed of its properties in SA. Italtile has 162 stores in SA and outside the country under brands such as CTM, Italtile Retail and TopT. The group’s system-wide turnover was R4.3bn, from R3.5bn in the previous period. System-wide turnover includes total sales from Italtile-owned entities, corporate stores and turnover from its franchisees. Reta...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now