Shoprite and construction group WBHO are expected to report gloomy results, while Assore is likely to benefit from the rally in iron ore prices
Markets JSE likely to follow Asian markets lower on Tuesday 26 February 2019 - 07:35 Robert Laing Tokyo Stock Exchange. Picture: ISTOCK The busy week for JSE-listed companies continues on Tuesday, with retailers Shoprite and Cashbuild, miner Assore and construction group Wilson Bayly Holmes-Ovcon scheduled to release results.
warned shareholders on February 12 that it expected HEPS for the first half of its 2019 financial year to be only about a tenth of the matching period. Reasons for the plunge in profitability included losses from an Australian road contract. It had underestimated the physical construction works required when it bid for the contract, the trading statement said Iron ore miner Assore said on February 14 that it expected to report an about 20% growth in interim HEPS on Tuesday.
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