Wilson Bayly Holmes-Ovcon Ltd. provided consolidated earnings guidance for the six months ended December 31, 2013. The directors of the company announced that in respect of the unaudited consolidated results for the six months ended December 31, 2013, earnings per share and headline earnings per share will decrease by between 17.5% and 22.5% in relation to the comparative period. The decrease in earnings is primarily due to losses from Capital Star Steel, the pipe factory in Mozambique, as well as a loss from the disposal of Symo, a shelving business within Capital Africa Steel.

These losses have been fully consolidated into the group from July 1, 2013. Additionally, the impact of subdued mining activity in West Africa has negatively affected both revenue and profit generated from the Roads and earthworks business.