Disposal of lossmaking businesses sees 80% gain in Iliad FY HEPS

Building materials supplier Iliad appears to be experiencing the upside of a 2013 decision to cull several lossmaking divisions, this week posting a dramatic 80% increase in headline earnings per share (HEPS) to 72.3c for the year ended December 31. The company’s operating profit increased to R133-million for the 12 months, while net finance charges dropped 6% year-on-year to R9.1-million, enabling the company to declare a full-year dividend of 22c a share.