Group Five on Tuesday warned of a significant change in fortunes for the JSE-listed construction company.

The group told shareholders that, for the year ended June 30, it expected fully diluted headline earnings a share to be between 45% and 55% lower – reaching 253c a share to 309c a share – compared with the 561c a share recorded in the 2010 financial year.

Headline earnings a share were to be between 45% and 55% lower. read more...