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Seardel earnings weak for the year

30 Apr 2013

Seardel Investment Corporation that it expects its headline earnings for the year to March to be between two cents and six cents are share. This is a sharp drop from the 20,86c a share in headline earnings a year ago.

Its earnings per share are likely to be between four and eight cents compared with 19.47c last year.

The company noted on Monday (29 April) that the prior year basic earnings per share and headline earnings per share included the once-off effect of the settlement with former directors and was a more appropriate measurement on which to judge the underlying business performance.

The company said its 2012 adjusted basic loss per share was 7.79 cents and its adjusted headline loss per share amounted to 6.4c.

The company's full results will be released in mid-May.

Source: I-Net Bridge

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