b&w instrumentation and elec (BWI) Snapshot

B&W Instrumentation and Electrical Limited reported consolidated earnings results for the six months ended February 28, 2013. For the period, the company reported contract revenue of ZAR 185,091,000 against ZAR 272,888,000 a year ago. Operating loss was ZAR 52,048,000 against operating profit of ZAR 5,856,000 a year ago. Loss before taxation was ZAR 54,655,000 against profit before taxation of ZAR 3,448,000 a year ago. Loss for the period was ZAR 40,795,000 against profit for the period of ZAR 296,000 a year ago. Loss attributable to owners of the parent was ZAR 40,798,000 against profit attributable to owners of the parent of ZAR 211,000 a year ago. Headline loss attributable to ordinary shareholders were ZAR 40,802,000 against headline earnings attributable to ordinary shareholders of ZAR 244,000 a year ago. Loss per ordinary share was 20.0 cents against earnings per ordinary share of 0.1 cents a year ago. Headline loss per ordinary share was 20.0 cents against headline earnings per ordinary share of 0.1 cents a year ago. Net cash used in operating activities was ZAR 39,236,000 against net cash from operating activities of ZAR 16,117,000 a year ago. Purchase of property, plant and equipment was ZAR 2,934,000 against ZAR 817,000 a year ago. Net asset value per share was 69.6 cents against 88.3 cents a year ago. Net tangible asset value per share was 65.3 cents against 83.7 cents a year ago.

B&W Instrumentation and Electrical Limited, H1 2013 Earnings Call, Apr 22, 2013

B&W Instrumentation and Electrical Limited provided earnings guidance for the six month period ended February 28, 2013 and for the year 2013 and 2014. For the period, the company has indicated that the loss per share and headline loss per share is expected to be between 19.5 cents and 20.5 cents, compared to the earnings and headline earnings per share of 0.1 cents for the six month period ended February 29, 2012. The company provided earnings guidance for the remainder of 2013 and into 2014 is positive.