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 [...]
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[AFX SJ] Afrox :: Dismal FY 2009 EPS outlook
[SONA IN] Sona Koyo :: Fiscal 3Q 2009 in black with PAT of INR68.9 mn
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 [...]
[601106 CH] China First Heavy Industries :: Launching IPO to raise CNY8.4 bn.
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 [...]
[601268 CH] China Erzhong Group Deyang Heavy Industries :: IPO approved
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.