JOHANNESBURG (miningweekly.com) – JSE-listed Master Drilling on Thursday said it expected a double-digit rise in earnings for the year ended December 31.
Headline earnings per share (HEPS) were expected to jump some 30% to 40% from the HEPS of 131.5c posted in the prior period to between 170.8c and 184c in the 12 months to December 2015.
The group’s earnings a share for the year ended December 31, 2015, were anticipated to increase by 34% to 44% year-on-year to between 165.8c and 178.2c apiece.
Master Drilling would publish its year-end financial results on March 31.
The company’s share price rose by 12% to R12.35 a share on Thursday morning, compared with Wednesday’s close of R11.02.
Edited by: Creamer Media Reporter
EMAIL THIS ARTICLE SAVE THIS ARTICLE
To subscribe email subscriptions@creamermedia.co.za or click here
To advertise email advertising@creamermedia.co.za or click here
