Basil Read Holding Ltd. provided earnings guidance for the year ended 31 December 2014. For the period, the company expects its earnings per share to be a loss of between 588.00 cents per share and 635.00 cents per share or between 349% and 369% lower compared to the 235.97 cents earnings per share for the previously reported corresponding period. Shareholders are further advised that Basil Read expects its headline earnings per share to be a loss of between 357.00 cents per share and 374.00 cents per share or between 510% and 530% compared to the 86.99 cents headline earnings per share for the previously reported corresponding period.

The company's operating performance has been adversely impacted by losses relating to a number of contracts in the construction and engineering divisions.