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BCX warns on lower earnings

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Business Connexion (BCX) yesterday advised shareholders that earnings per share for the six months ended 30 November are likely to be between 40% and 60% lower than the same period the year before.

The company is currently finalising its results for the six-month period.
It says in a statement that the reduction in EPS is due mainly to the sale of the group's commercial properties to Growthpoint Properties in the previous financial year.