Austro: Earnings to fall by 60% to 80% October 19, 2009
By Thabiso Mochiko
Austro's earnings a share and headline earnings a share for the year to August would be between 60 percent and 80 percent lower than a year earlier, the distributor of generators and woodworking machines said on Friday. Last year Austro reported headline earnings a share of 25.9c and earnings a share of 26.1c off revenue of R715.1 million. Last year it said it would consolidate its acquisitions and seek organic growth. - Thabiso Mochiko
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