UPDATE 2-Barloworld says rand knocks earnings

Newswire

(Rewrites with outlook, adds CEO comment, analyst, share) By Jodie Ginsberg JOHANNESBURG, May 20 (Reuters) - South African industrial brand-management company Barloworld said a strong rand and adoption of a new accounting method hit half-year earnings on Tuesday, but that it hoped for improvement in the second half. The world's largest independent dealer in lift trucks said headline earnings, which strip out exceptional items and their tax effects, dropped 22 percent to 211 cents a ...

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