Iliad final results December 2010
HOME CAREERS CONTACT US LOGIN

Iliad final results December 2010










Revenue increased by 0.2% from R3 921 million to R3 929 million in 2010. Gross profit increased by 0.8% to R1 073 million (2009: R1 065 million) while operating profit decreased by 38% to R77.1 million (2009: R124.2 million). Profit attributable to ordinary shareholders decreased by 28.1% to R53.7 million (2009: R74.6 million). Headline earnings per share decreased by 26.8% to 39.1cps (2009: 53.4cps).

Dividend
A final dividend of 20cps was declared for the period under review.

Prospects
The trading environment is expected to remain challenging in 2011, with a gradual trading recovery towards the end of the year. This will, however, depend on a sustainable recovery in building plans passed. Iliad will continue to invest in its sales structures to enhance customer focus, concentrate on the expense base and further improve its procurement capabilities to protect gross margins. The group is well structured and well capitalised and we believe all stakeholders will benefit from initiatives in place to support continued growth as our industry improves.







2011-03-15 11:16:07

Most read today
Most read yesterday
Send e-mail to for any enquiries or see Contact Details for phone numbers
Home   •   Terms & conditions   •   PAIA   •   Privacy Policy   •   Security Notice   •   Contact Details
Market Statistics are calculated by Sharenet and are therefore not the official JSE Market Statistics. The calculation/derivation may include underlying JSE data.
© 2017 SHARENET (PTY) Ltd, Cape Town, South Africa