African Oxygen said that FY 2009 EPS, excluding one-off items, known as headline earnings, fell by 40-50% YoY, considerably below analyst expectations.
Afrox is scheduled to release FY 2009 results on February 18th. For FY 2008 Afrox had reported headline EPS of ZAR1.34.
Afrox is the largest gases and welding products supplier in South Africa, with products [...]

Sona Koyo Steering Systems’s fiscal 3Q 2009 (ending December 31, 2009) Profit After Tax (PAT) was INR68.9 mn versus a loss in 3Q 2008 of INR172.4 mn, on improved efficiencies and stable foreign exchange rates. Net sales in 3Q 2009 rose by 47.17% YoY to INR2,212.1 mn from INR1,503.1 mn in 3Q 2008.
Sona Koyo Steering [...]

Tata Motors, India’s largest commercial vehicle manufacturer, reported INR4 bn ($87 mn) standalone NI for fiscal 3Q 2009 ending December 31, 2009, reversing a losing streak. Its fiscal 3Q 2008 yielded a Net Loss of INR2.63 bn in the same quarter of December 2008. The results missed expectations, however, because despite better margins, Tata Motors [...]

China First Heavy Industries, a heavy machinery manufacturer, revealed plans on Friday to launch a 2 bn A-share IPO (30.59% of its expanded capital) on Shanghai Stock Exchange this week to raise at least CNY8.4 bn ($1.23 bn) to finance manufacturing projects and working capital.
The company, one of the largest manufacturers of heavy machinery in [...]

Sichuan-based heavy machinery maker China Erzhong Group Deyang Heavy Industries approved to offer up to 300 mn A-shares, or 17.75% of equity in a Shanghai IPO. The company had said that it intends to use Rmb2.09 bn of the net proceeds to fund project, in nuclear power, hydropower and technology.