Bloomberg News

Grindrod Falls Most in More Than Week, Says Earnings to Retreat

June 01, 2011

June 1 (Bloomberg) -- Grindrod Ltd., Africa’s biggest shipping company, fell the most in more than a week after saying earnings per share will fall as much as 45 percent in the six months through June.

The stock retreated as much as 3.9 percent, the biggest drop since May 23, to 13.75 rand, and traded 3.5 percent lower at 13.80 rand at 9:13 a.m. in Johannesburg.

To contact the editor responsible for this story: Ana Monteiro at amonteiro4@bloomberg.net


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