egolinews.com

Reece Australia Limited (REH) this morning came out with the following announcement: normalised net earnings for the six months ended 31st December 2009 is expected to be in the order of 15% above the same period last year. The result has been achieved with flat sales growth and a reduction in the cost of doing business.

RHG Limited (RHG), formerly known as RAMS, has announced it will stop a range of court actions with UniCredit Bank and would no longer be payed indemnity payments. Previously the group said operating profit after tax would be in the range of $55 to $65 million, however following this decision and other business factors net operating profit after tax would be in the range $65 million to $75 million.

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Snippets Corner by egoli