Construction group Sanyati Holdings said on Monday that it expected its headline earnings per share for the year to February to be about 52% lower than at the same time last year.

As a result of an impairment to the carrying value of goodwill of about R154 million, the earnings per share was expected to be a loss of about 30 cents, Sanyati said in its trading statement.

The group is in the final stages of finalising its audited results, which are expected to be released on May 16.