BRIEF-Italtile FY HEPS 101,8 Cents

  • Reuters
  • Stock Market News
BRIEF-Italtile FY HEPS 101,8 Cents
Credit: © Reuters.

Aug 22 (Reuters) - Italtile Ltd ITEJ.J :

* PRELIMINARY REVIEWED CONDENSED GROUP RESULTS FOR THE YEAR ENDED 30 JUNE 2019 AND DIVIDEND DECLARATION

* FY SYSTEM-WIDE TURNOVER: R10,0 BILLION UP 15%

* FY EARNINGS PER SHARE: 102,6 CENTS

* FY HEADLINE EARNINGS PER SHARE: 101,8 CENTS

* FY ORDINARY DIVIDEND PER SHARE: 41,0 CENTS UP 8%

* FY SPECIAL DIVIDEND PER SHARE: 50,0 CENTS UP 67%

* "THERE IS LITTLE TO INDICATE THAT MEANINGFUL ECONOMIC GROWTH IS IMMINENT" & CO ANTICIPATES DISCRETIONARY SPEND TO REMAIN CONSTRAINED

* ANTICIPATE THAT GROUP WILL DELIVER GROWTH FOR FULL YEAR

* EXPECT THAT GROWTH IN FIRST SIX MONTHS IS LIKELY TO BE LOWER THAN GROWTH IN SECOND HALF OF YEAR

* PLAN TO OPEN 15 STORES IN NEXT FINANCIAL YEAR AND WILL CONTINUE TO BUILD CAPACITY IN SUPPLY CHAIN

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