South Africa“s Plate Glass & Shatterprufe Industries Ltd. (PGSI) says its full year results are unlikely to match those achieved in the previous financial year unless the economy improves markedly.
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South Africa“s Plate Glass & Shatterprufe Industries Ltd. (PGSI) says its full year results are unlikely to match those achieved in the previous financial year unless the economy improves markedly. Results for the six months to the end of September, released in mid-November, show earnings falling almost 5% to 316.4 cents a share. The dividend was held steady at 149.0 cents. The company blamed the fall in earnings on the depressed state of the glass and board markets in southern Africa.