{"id":8248,"date":"2012-02-23T14:32:04","date_gmt":"2012-02-23T12:32:04","guid":{"rendered":"http:\/\/www.myza.co.za\/02\/corrected-update-1-s-africas-imperial-h1-flat-sees-strong-h2\/"},"modified":"2012-02-23T14:32:04","modified_gmt":"2012-02-23T12:32:04","slug":"corrected-update-1-s-africas-imperial-h1-flat-sees-strong-h2","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/corrected-update-1-s-africas-imperial-h1-flat-sees-strong-h2\/","title":{"rendered":"CORRECTED-UPDATE 1-S.Africa&#8217;s Imperial H1 flat, sees strong H2"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>(Corrects Wednesday story to show H2 seen strong)<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* H1 headline EPS 727 cts vs 725 cts<\/p>\n<p><span><\/span><\/p>\n<p>* H1 revenue up 22 pct to 38.39 bln rand<\/p>\n<p><span><\/span><\/p>\n<p>* Says store core performance to continue in H2<\/p>\n<p><span><\/span><\/p>\n<p>JOHANNESBURG, Feb 22 (Reuters) &#8211; South African<br \/>\nlogistics firm Imperial reported a flat first-half<br \/>\nprofit, after last year&#8217;s results were lifted by a black<br \/>\nempowerment deal, and said it expected continued strong<br \/>\nunderlying growth in the second half.<\/p>\n<p><span><\/span><\/p>\n<p>South Africa&#8217;s biggest logistics and car dealership group<br \/>\nsaid on Wednesday headline earnings per share for the six months<br \/>\nto end-December totalled 727 cents, compared with 725 cents a<br \/>\nyear earlier.<\/p>\n<p><span><\/span><\/p>\n<p>Last year&#8217;s results were boosted by 279 million rand ($36.17<br \/>\nmillion) in income related to its Lereko black empowerment deal<br \/>\nthat did not repeat. South African companies are required to<br \/>\nincrease their black ownership to meet government-mandated<br \/>\ntargets.<\/p>\n<p><span><\/span><\/p>\n<p>Imperial said its core earnings, which exclude one-time<br \/>\nitems such as the black empowerment deal, rose 30 percent,<br \/>\nadding it expected similar strong growth in the second half.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;While the current economic environment will continue to be<br \/>\nchallenging, Imperial&#8217;s businesses should continue performing<br \/>\nwell in most of their markets,&#8221; the company said in a statement.<\/p>\n<p><span><\/span><\/p>\n<p>Imperial, which also operates auto retail and rental<br \/>\nbusinesses, said revenue rose 22 percent to 38.4 billion rand<br \/>\n($5 billion).<\/p>\n<p><span><\/span><\/p>\n<p>Shares in the company are up 8 percent so far this year,<br \/>\ncompared with a 6.63 percent rise in the JSE All-Share index<br \/>\n.<br \/>\n($1 = 7.7140 South African rand)\t<\/p>\n<p> (Reporting by Agnieszka Flak; Editing by David Dolan)<\/p>\n<p><span><\/span><\/p>\n<p class=\"copyright\">\n<p>         \t\t\u00a9 Thomson Reuters 2012 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Corrects Wednesday story to show H2 seen strong) * H1 headline EPS 727 cts vs 725 cts * H1 revenue up 22 pct to 38.39 bln rand * Says store core performance to continue in H2 JOHANNESBURG, Feb 22 (Reuters) &#8211; South African logistics firm Imperial reported a flat first-half profit, after last year&#8217;s results [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-8248","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/8248","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=8248"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/8248\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=8248"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=8248"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=8248"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}