Imperial sees H1 earnings down on weak rand, shares fall

South African auto dealer and logistics group Imperial Holdings expects half-year earnings to drop around 11 percent as a weaker rand hit income from its car import business, the company said on Monday. The company sees headline earnings at between 765 and 740 cents per share for the six months to end-December 2014, from 831 cents in the same period a year earlier. "The decline in operating income is attributable to rand weakness, impacting the competitiveness and profitability of the vehicle im