Italtile Ltd. Announced earnings guidance for the six months ended December 31, 2014. For the period, the company's basic earnings per share from continuing operations will be expected to be between 36.3 cents and 36.9 cents, reflecting an increase of between 27% and 29% compared to the previous corresponding period ended December 31, 2013 being 28.6 cents and the headline earnings per share from continuing operations will be between 35.5 cents and 36.1 cents, reflecting an increase of between 27% and 29%, compared to the previous corresponding period ended December 31, 2013 being 28.0 cents. HEPS have been adjusted for the post-taxation impact of ZAR 11 million profit on sale of property.

Trading profit growth from continuing operations of between 20% and 22% will translate into profit after tax growth from total operations of between 35% and 37%, as a result of the following: Profit on sale of property of ZAR 11 million; A once-off IFRS2 charge related to the Italtile Staff Share Scheme of R7 million; The increased contribution from associates, Ceramic Industries Ltd. and Ezeetile, of ZAR 27 million; Net finance income of ZAR 2 million compared with a net finance expense in the prior comparative period of ZAR 6 million related to the reduction in a long-term loan; Once-off losses related to discontinued operations in the prior comparative period of ZAR 12 million; and A lower effective tax rate resulting from reduced consolidated Dividend Withholding Tax charges compared with the prior corresponding period.