Italtile Limited provided earnings guidance for the six months ended December 31, 2013. For the period, the company expects its basic earnings per share will be between 18% and 20% higher and the headline earnings per share will be between 15% and 17% higher, compared to the EPS of 23.9 cents and the HEPS of 24.0 cents for previous corresponding period. HEPS have been adjusted for the post- taxation impact of the following once-off events: Profit of ZAR 2.4 million achieved on the sale of a property in South Africa; and profit of ZAR 4.4 million achieved on the sale of Allmuss Properties Zambia.

Both the EPS and HEPS calculations include a ZAR 14 million IFRS2 charge, of which ZAR 11 million is a once-off charge, related to an equity-settled staff share incentive scheme implemented during the six month period. Turnover from continuing operations increased by 31%, significantly impacted by the conversion and contribution of nine previously franchised CTM stores to group-owned stores and the opening of one new CTM during the period. Excluding the contribution from these ten stores, turnover from comparable Group-owned stores and entities increased by 15%.

Average selling prices were inflation-linked.