By Nicola Mawson, Contributing journalist
Johannesburg, 21 Oct 2010
The listed group moved its year-end from May to August and, as a result, its figures are not directly comparable.
BCX says its financial results for the year to August 2010 will be more than 20% higher than for the year to May 2009, which were its last reported full-year results. The company will publish an updated statement closer to its results, which should be released on 10 November.
For the 12 months to May 2009, revenue grew 8%, to R4.4 billion, but net profit slumped 34%, to R85 million. As a result, earnings per share were 31% lower, at 31.1c, and headline earnings per share slowed 40%, to 69.1c.
The company's share price lost 3.08% yesterday to close at R6.30, a 20c decline.
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