Eqstra FY 2015 earnings expected to be in line with 2014 earnings

Industrial and mining equipment company, Eqstra Holdings, said it expected its full-year earnings to remain in line with its earnings reported in 2014.

For the full-year ended June 2014, the group reported earnings per share of 60.6 cents per share and headline earnings per share of 76.7 cents per share. "The group anticipates to be in line with these results for the year ending 30 June 2015," it said in a statement.

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The anticipated annual results include a prudent impairment charge on standing assets in the contract mining and plant rental division. The division continued to show operational improvements.

Both the industrial equipment and fleet management and logistics divisions are performing as expected and management anticipates performance to be in line with the previous year, Eqstra said.

The group will present its annual results to the market on or about 1 September in Johannesburg and on or about 2 September in Cape Town.

Source: INET BFA