Mobile Industries forecasts profit fall

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Mobile Industries (MOB) said on Wednesday it anticipated both earnings per share and diluted earnings per share in the six months to September 2012 to decrease by in excess of 100% relative to the 102.1 cents per share a year ago.

The decrease in earnings is attributable to the fact that Mobile unbundled its entire shareholding in Trencor in February last year‚ giving rise to a large gain in the previous corresponding reporting period.

The interim results are expected on December 14. - I-Net Bridge

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