Last update: Mon, 08 Feb 2016 05pm
Home» Markets - Equity » Middle East & Africa

South Africa's Rare slumps, FY losses widens

south-africa-stock-marketJOHANNESBURG: Shares of Rare Holdings dive nearly 20 percent as the South African construction materials supplier says its full-year headline loss likely widened to as much as 60.9 cents per share from 32.11 cents a year earlier.

Rare, which released the profit warning shortly after the market closed on Monday, is down 19.05 percent at 17 cents.

Copyright Reuters, 2011