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Adapt IT maintains strong growth

Staff Writer
By Staff Writer, ITWeb
Johannesburg, 22 Jul 2016
Sbu Shabalala's company expects HEPS to rise by at least 31% for the year ended 30 June.
Sbu Shabalala's company expects HEPS to rise by at least 31% for the year ended 30 June.

Adapt IT expects its headline earnings per share (HEPS) for the year ended 30 June to rise by between 31% and 41%, compared to a year ago.

The company says HEPS will likely be between 55.41c and 59.65c for the year compared to the restated HEPS of 42.31c for the year ended 30 June 2015.

Similarly, earnings per share (EPS) will rise by between 31% and 41% year-on-year. EPS are expected to be between 55.49c and 59.73c.

The Durban-based IT company has consistently posted strong results in the past and its interim HEPS also rose significantly, growing by 42% year-on-year.

Adapt IT's full year financial results are expected to be released on SENS on 18 August.

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