BRIEF-Argent Industrial HY HEPS Decreased By 0.7% To 50.1 Cents

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  • Stock Market News
BRIEF-Argent Industrial HY HEPS Decreased By 0.7% To 50.1 Cents
Credit: © Reuters.

Nov 13 (Reuters) - Argent Industrial Ltd ARTJ.J :

* ABRIDGED UNAUDITED CONSOLIDATED INTERIM RESULTS FOR THE 6 MONTHS ENDED 30 SEPTEMBER 2019

* HY HEADLINE EARNINGS PER SHARE DECREASED BY 0.7% TO 50.1 CENTS PER SHARE

* HY REVENUE INCREASED 1.5% TO R871.5 MILLION

* HY EARNINGS PER SHARE DECREASED BY 0.4% TO 49.7 CENTS PER SHARE

* ON TRACK WITH NET ASSET REALISATION AND OFFSHORE INVESTMENT PHILOSOPHY

* WILL CONTINUE TO LOOK FOR ACQUISITIONS IN UK AND AMERICA, IN LINE WITH CURRENT OFFSHORE BUSINESS PARAMETERS

* HAVE SOME SOUTH AFRICAN OPERATIONS FOR SALE AND WILL BE BUYING BACK R20 MILLION WORTH OF SHARES IN SHORT TERM

* NO DIVIDENDS WERE DECLARED BY THE BOARD OF DIRECTORS FOR THE SIX-MONTH PERIOD ENDING 30 SEPTEMBER 2019

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