Ticker	Volume	Price	Price Delta
DJIA	15,253.00	-41.47	-0.27%
S&P 500	1,641.47	-9.04	-0.55%
Nasdaq	3,443.69	-15.73	-0.45%

Ticker

Volume

Price

Price Delta

DJIA

15,253.00

-41.47

-0.27%

S&P 500

1,641.47

-9.04

-0.55%

Nasdaq

3,443.69

-15.73

-0.45%

Ticker	Volume	Price	Price Delta
STOXX 50	2,763.09	-13.69	-0.49%
FTSE 100	6,661.01	-35.78	-0.53%
DAX	8,307.64	-44.34	-0.53%

Ticker

Volume

Price

Price Delta

STOXX 50

2,763.09

-13.69

-0.49%

FTSE 100

6,661.01

-35.78

-0.53%

DAX

8,307.64

-44.34

-0.53%

Ticker	Volume	Price	Price Delta
Nikkei	14,612.50	+128.47	0.89%
Hang Seng	22,618.70	-51.01	-0.23%
S&P/ASX 200	4,983.50	-78.95	-1.56%

Ticker

Volume

Price

Price Delta

Nikkei

14,612.50

+128.47

0.89%

Hang Seng

22,618.70

-51.01

-0.23%

S&P/ASX 200

4,983.50

-78.95

-1.56%

Basil Read Drops on Road-Construction Losses: Johannesburg Mover

By Jaco Visser - 2013-03-15T11:05:05Z

Basil Read Holdings Ltd. (BSR), a South African construction company, dropped the most in more than six months after it said unprofitable road-building projects will weigh on full-year earnings.

The stock fell as much as 9.3 percent, the most on an intraday basis since Aug. 24, and was 7.2 percent lower at 11 rand by 12:51 p.m. in Johannesburg. About 164,000 shares were traded, or 1.7 times the daily three-month average.

Earnings excluding one-time items will probably be “185 percent to 195 percent” lower, the Johannesburg-based company said in a statement today. Basil Read provided for losses of 210 million rand ($23 million) on two road construction projects.

The company will pay a special dividend of 1.75 rand a share following the 900 million rand sale of its TWP Holdings (Pty) Ltd. division to a unit of Australia’s WorleyParsons Ltd. (WOR) The net receipt of the sale was 877 million rand, Basil Read said in the statement.

To contact the reporter on this story: Jaco Visser in Johannesburg at avisser3@bloomberg.net

To contact the editor responsible for this story: John Viljoen at jviljoen@bloomberg.net

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