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Nu-World expects lower earnings

6 Oct 2009

Retail group Nu-World Holdings on Monday advised that it expected a decline in headline earnings per share of between 25% and 35% and a decline in earnings per share of between 35% and 45% for the year ended August 31, compared to the previous period.

"This decline is largely as a result of adverse trading conditions in our offshore and local manufacturing operations.

The group has rationalised and restructured these organisations, which was completed by the financial year end," Nu-World said.

The group expects to publish its results on about October 27.

Published courtesy of
.