Down but not out

Finweek English Edition - - Companies & Markets -

BAR­LOWORLD AND ITS share­hold­ers were pre­pared for a tough first half 2010. How­ever, the ex­tent of its earn­ings nose­dive has taken the mar­ket by sur­prise. Fund man­agers that spoke to say bot­tom-line re­cov­ery now hangs on the speed at which the re­vival in south­ern African min­ing ac­tiv­ity fil­ters through to heavy ma­chin­ery de­mand.

Bar­loworld warned share­hold­ers last week its head­line earn­ings from con­tin­u­ing op­er­a­tions could be as much as 85% lower in the six months to end-March this year. The bulk of its busi­ness con­cerns is the sup­ply and sale of Cater­pil­lar earth-mov­ing equip­ment.

Newspapers in English

Newspapers from South Africa

© PressReader. All rights reserved.