Barloworld says H1 profits to rise more than 30 pct

Newswire

JOHANNESBURG, March 18 (Reuters) - South African industrial group Barloworld Ltd said on Thursday that headline earnings per share for the six months to end-March would be more than 30 percent higher than the same period the previous year. It said in a statement that main factors helping improve earnings would be lower fair-value losses on financial instruments and lower finance costs from a decline in interest rates. Also helping was an exceptional write back of a provision made in 2002 ...

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