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    Iliad Africa earnings expected 67%-71% lower

    Iliad Africa, a retailer and wholesaler of building materials advised on Friday that its headline earnings and earnings per share are expected to be between 67% and 71% lower for the year ended December 31 2009, than previously.

    Operating profit, defined as earnings before interest and tax, is expected to be between 62% and 66% lower than earlier, Iliad said.

    The group expects to release its results on about March 16, 2010.

    Source: I-Net Bridge

    For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.

    We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.

    Go to: http://www.inet.co.za
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