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.