BRIEF-Italtile Ltd Posts FY Adjusted HEPS Down 19% To 82,3 Cents

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BRIEF-Italtile Ltd Posts FY Adjusted HEPS Down 19% To 82,3 Cents
Credit: © Reuters.

Aug 25 (Reuters) - Italtile Ltd ITEJ.J :

* ITALTILE LTD - FY HEADLINE EARNINGS PER SHARE DOWN 22% 79,2 CENTS 2019: 101,8 CENTS

* ITALTILE LTD - FY ADJUSTED HEADLINE EARNINGS PER SHARE* DOWN 19% 82,3 CENTS

* ITALTILE LTD - FINAL GROSS ORDINARY CASH DIVIDEND OF 10,0 CENTS PER SHARE

* ITALTILE LTD - FY SYSTEM-WIDE TURNOVER DOWN 7% R9,3 BILLION

* ITALTILE LTD - IN TERMS OF FORTHCOMING FINANCIAL YEAR, WE ANTICIPATE FIRST SIX MONTHS WILL BE VERY DIFFICULT WHILE LOCKDOWNS PERSIST

* ITALTILE LTD - OPTIMISTIC THAT SECOND SIX MONTHS COMMENCING 1 JANUARY 2021, WILL BE MORE ROBUST

* ITALTILE LTD - THERE HAS BEEN NO NEED TO UTILISE SHORT-TERM CONTINGENCY FACILITY

* ITALTILE - EXPECT POSITIVE SALES AND PROFIT GROWTH IN FIRST HALF OF NEW FINANCIAL YEAR AND COMPARATIVELY STRONGER SALES AND PROFITS IN SECOND HALF

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