Earnings will be higher when it reports its half-year results, says JSE-listed Pinnacle Technology Holdings.
The company says headline earnings will be at least 45% higher in the six months to December. Headline earnings per share should be at least 75c, a 56% gain on last year's 48c a share, the company says.
For the first six months to December 2010, revenue was R2.1 billion, and net profit after tax was R89 million.
Pinnacle did not provide reasons for the increase. However, in the last set of full-year results, released last September, it said it had benefited from acquisitions.
Pinnacle bought Axiz in 2010, for R150 million, expecting it to add about R2 billion to annual revenue. In July last year, it increased its stake in Centrafin to 90.2%, after buying another 39.2% stake in the financial company from CGI for R11.35 million.
JSE rules require companies to inform shareholders as soon as they believe their results will differ by more than 20% from the previous corresponding period.
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