S8 raises earnings forecast on more buys.

Australasian Business Intelligence, January, 2003

Jan 05, 2003 (The Australian Financial Review - ABIX via COMTEX)

Listed Australian management rights group, S8, has lifted its earnings forecast on the acquisition of five more businesses. It had previously expected a 20 per cent boost in earnings per share in 2002-03, and has now added another 10 to 15 per cent to this. On 3 January 2003, S8 told the Australian Stock Exchange it had bought Australian Holidays, Australian Apartments & Resorts, Gold Coast Booking Centre, Sunshine Coast Booking Centre and Teenbreak. In November 2002, S8 bought Accom Noosa and the Gold Coast-based Dave Allen Real Estate. Combined, the seven businesses have annual sales of $A50 million.

Publication Date: 6 January 2003

S8 LIMITED - ASX SEL: 

ACCOM NOOSA:...

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