BRIEF-Italtile records FY HEPS of 85.7 cents

  • Reuters
  • Stock Market News
BRIEF-Italtile records FY HEPS of 85.7 cents

Aug 16 (Reuters) - Italtile Ltd ITEJ.J :

* FY NET ASSET VALUE OF 403 CENTS VERSUS. 362 CENTS IN 2016

* FY LIKE-ON-LIKE RETAIL STORE TURNOVER FOR PERIOD INCREASED BY 2.7%

* FY HEADLINE EARNINGS PER SHARE OF 85.7 CENTS VERSUS. 86.9 CENTS IN 2016

* FY TRADING PROFIT INCREASED 2% TO R1 063 MILLION

* ITALTILE LTD - BOARD HAS DECLARED A FINAL GROSS CASH DIVIDEND (NUMBER 102) FOR YEAR ENDED 30 JUNE 2017 OF 14.0 CENTS PER ORDINARY SHARE

* "RECOGNISES THAT FURTHER SUBSTANTIAL IMPROVEMENTS NEED TO BE MADE ACROSS BUSINESS TO BRING IT IN LINE WITH GROUP'S EXPECTATIONS"

* CURRENT SOCIO-POLITICAL AND ECONOMIC CONDITIONS WILL PREVAIL FOR AT LEAST NEXT SIX MONTHS

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