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Last 1,168
Change Today 0.00 / 0.00%
Volume 46.4K
ITE On Other Exchanges
Symbol
Exchange
Johannesburg
As of 11:00 AM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

italtile ltd (ITE) Snapshot

Open
$1,180
Previous Close
$1,168
Day High
$1,184
Day Low
$1,125
52 Week High
02/3/15 - $1,350
52 Week Low
10/16/14 - $705.00
Market Cap
12.1B
Average Volume 10 Days
28.0K
EPS TTM
$0.66
Shares Outstanding
1.0B
EX-Date
03/9/15
P/E TM
17.8x
Dividend
$22.00
Dividend Yield
1.88%
Current Stock Chart for ITALTILE LTD (ITE)

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italtile ltd (ITE) Details

Italtile Limited engages in the retail sale of tiles, sanitary ware, bathroom accessories, and other related products in South Africa and internationally. It operates through four segments: Retail, Franchising, Properties, and Supply and Support Services. The company offers ceramic and porcelain wall and floor tiles, as well as bathroom furniture, brassware, fittings, laminated wooden flooring, home-finishing products, décor and tools, basins, toilets, showers, cabinets, taps, adhesives, and tile care products. Italtile Limited operates branded retail store network of 115 stores under the CTM, Italtile Retail, and TopT names. It is also involved in the investment of properties; distribution of brassware, laminated flooring, accessories, and tiling tools; and aircraft charter activities. The company was founded in 1969 and is headquartered in Johannesburg, South Africa. Italtile Limited is a subsidiary of Rallen (Pty) Limited.

922 Employees
Last Reported Date: 10/5/14
Founded in 1969

italtile ltd (ITE) Top Compensated Officers

Chief Financial Officer, Executive Director a...
Total Annual Compensation: R184.0K
Compensation as of Fiscal Year 2013.

italtile ltd (ITE) Key Developments

Italtile Ltd. Provides Group Earnings Guidance for the Year Ended June 30, 2015

Italtile Ltd. provided group earnings guidance for the year ended June 30, 2015. The Group's basic earnings per share (EPS) will be between 75.1 cents and 76.9 cents (2014: 55.3 cents), reflecting an increase of between 36% and 39% compared to the previous corresponding period ended June 30, 2014. Headline earnings per share (HEPS) will be between 70.8 cents and 72.8 cents (2014: 57.6 cents), reflecting an increase of between 23% and 26% compared to the previous corresponding period ended June 30, 2014. The Group's basic EPS from continuing operations will be between 75.1 cents and 76.9 cents (2014: 57.4 cents), reflecting an increase of between 31% and 34% compared to the previous corresponding period ended June 30, 2014. HEPS from continuing operations will be between 70.8 cents and 72.8 cents (2014: 58.7 cents), reflecting an increase of between 21% and 24% compared to the previous corresponding period ended June 30, 2014. Earnings growth includes the impact of the following: An IFRS 2 charge of ZAR 12 million (2014: ZAR 17 million) related to the Italtile Staff Share Scheme, of which ZAR 7 million (2014: ZAR 11 million) is an accelerated charge related to franchisee staff; The increased contribution of ZAR 62 million (2014: ZAR 29 million) to Group profit from associates Ceramic Industries Ltd. and Ezeetile; Net finance income of ZAR 11 million (2014: net finance cost of ZAR 9 million) attributable to the settlement of long term debt and improved net cash holdings of the Group; A lower effective tax rate resulting from reduced consolidated Dividend Withholding Tax charges compared with the prior corresponding period and the income tax benefit of share award vestings and payments in the current period; A fair value gain of ZAR 14 million derived from the reclassification of a subsidiary (Ser Export s.p.a.) to an associate following the disposal by the Group of a portion of its shareholding in this company; A onceoff gain of ZAR 19 million resulting from the reclassification to income of Foreign Currency Translation Reserve related to Italtile Mauritius Proprietary Limited, previous bearer of certain of the Group's non South African trademarks, following the liquidation distribution of that company's net assets to South Africa; and Onceoff losses related to discontinued operations in the prior comparative period of ZAR 20 million. Systemwide turnover from continuing operations for the year ended June 30, 2015 will be between 16% and 19% higher than the prior comparative period (2014: ZAR 4.46 billion). This performance reported for the year is attributable to continued implementation of the Group's Business Optimisation Programme in key areas across the Group which identified opportunities for best practice improvement and resulted in good growth.

Italtile Ltd. Declares an Interim Gross Cash Dividend Payable on 16 March 2015

Italtile Ltd. has maintained its dividend cover of three times. The Board has declared an interim gross cash dividend of 12.0 cents per share compared to 9.0 cents per share paid in 2013, an increase of 33%, to all shareholders recorded in the books of the company, as at the record date 13 March 2015. The last day to trade cum dividend in order to participate in the dividend will be 6 March 2015. The shares will commence trading ex dividend from the commencement of business on 9 March 2015. The dividend will be paid on 16 March 2015.

Italtile Ltd. Reports Group Earnings Results for the Six Months Ended December 31, 2014

Italtile Ltd. reported group earnings results for the six months ended December 31, 2014. For the period, the company’s turnover was ZAR 1,611 million compared to ZAR 1,372 million a year ago. Profit before taxation from continuing operations was ZAR 488 million compared to ZAR 386 million a year ago. Profit for the period from continuing operations was ZAR 355 million or 36.3 cents per diluted share, compared to ZAR 272 million or 27.9 cents per diluted share, a year ago. Profit attributable to equity shareholders was ZAR 338 million or 36.3 cents per diluted share, compared to ZAR 251 million or 26.6 cents per diluted share, a year ago. Diluted headline earnings per share 35.4 cents compared to 27.4 cents a year ago. Diluted headline earnings per share 35.4 cents compared to 27.1 cents a year ago. Cash flow from operating activities was ZAR 152 million compared to cash flow used in operating activities of ZAR 344 million a year ago. Capital expenditure of ZAR 109 million, was incurred on improving the value of the property portfolio through an ongoing store upgrade programme and property acquisitions, as well as investment in IT infrastructure. The company reported capital expenditure of ZAR 102 million a year ago.

 

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