Growth for separately-listed Freeworld Coatings

摘要

Decorative coating specialist Freeworld Coatings has reported a 15% increase headline earnings a share, and profit of R217 million in the first financial year that it traded as a JSE-listed company.rnAgainst the background of the current global financial downturn, the company says the results represented an 'excellent' performance.rnEarnings a share rose to 106c a share, reports Freeworld Coatings, which was unbundled from diversified industrial firm Barloworld.rn'We expect the year ahead will be even more challenging, but we remain optimistic that we will perform competitively. A key focus will be on fixed domestic investment, where infrastructure will remain a significant driver in SA, beyond 2010,' says Andre Lamprecht, Freeworld CEO.