By Shaun Murison g+
In company news, shares Nedbank, AECI andAVIÂ Ltd are ex-dividend today.
The Purple Group Ltd released interim results in which client funds increased by 47.3% to R791.6m, revenue increased by 28% to R62.6m and earnings per share grew by 94% over the period.
Basil Read Holdings in their FY results revealed a R820.9m loss after tax and a headline loss per share of 362.08c. The company’s order book now amounts to R10.5bn. The company also renewed a cautionary in which it is at the early stage discussions for the potential disposal of certain other non-core assets are still ongoing and if successfully concluded may have a material effect on the price of the company’s securities.
For the year ended 28 February 2015 Afrimat’s has advised that basic earnings per share is expected to be between 124.5 and 135.4 cents per share reflecting an increase of between 15% and 25% on the previous year.
The Rand is trading at R12.01 to the Dollar, R12.99 to the Euro and R17.80 to the British Pound. In commodities, Gold is currently trading at $1,200/oz., Platinum at $1143/oz. and Brent Crude at $58/barrel.
On the economic front, In the U.S. final GDP data for the fourth quarter is scheduled for release at 2:30pm where the expectation is for q/q growth of 2.4%.