Jasco Electronics expects to see a rise in revenue of between 8% and 13% for the six months to December 2015.
The company says its first half performance was pleasing "in spite of difficult economic conditions in South Africa and severe volatility in the rate of exchange during the period".
Jasco expects interim operating profit to be at least 265% higher than the previous corresponding period, while earnings per share are expected to rise by between 760% and 780%.
Headline earnings per share (HEPS) are expected to come in at between 5.40c and 5.53c per share, which will be a rise of between 730% and 750%, compared to 0.65c per share last year.
2015 marked a year after the completion of Jasco's three-year restructure. The company says it is now finally feeling "the full impact of the restructure benefits flowing through" and is pleased that "the new look Jasco has returned to profitability".
The company believes it is well positioned to negotiate the challenging economic conditions expected to continue during 2016.
The group sold its 51% shareholding in its associate, M-TEC, to Community Investment Holdings subsidiary MH1 for an aggregate purchase price of R60 million last year. M-TEC had been a continuous drag on Jasco's past results and hindered the completion of its "strategy to become a smart technology and solutions partner to various industries".
The final suspensive condition, which is approval from the competition authorities, is the only outstanding item in the disposal deal and is "expected in the near future".
Jasco's share price has taken an 11% hit over the past year but the strong results outlined in yesterday's trading statement saw the stock rise almost 32% yesterday, closing at 62c per share.
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