Group Five construction group, said on Tuesday that earnings per diluted share for fiscal year 30 June 2011 was lower between 45% and 55% (253c 309c per share per share) compared to 561C per share in F2010.
In a trading update, said the group of the slowdown in the construction industry in the last two years after the crisis in global markets, deteriorating trading conditions in the markets of construction and materials used in Group Five.
“This has a negative impact on the performance of the year that the group still benefits awarded from 2010 onwards, the majority of large public contracts before the World Cup. In the meantime, to this environment in a temper to some degree, the group successfully targeted African markets in which it returns a success story, “the group said. continue reading…
