Y3K is expected to report at least a 900% increase in headline earnings per share when it releases its results in May.
The group says in a trading update that headline earnings per share for the year to end-February should be between 900% and 1 030% higher than for the previous financial year.
For the year to February, the group achieved headline earnings of 0.26c a share on turnover of R9.14 million.
According to the latest update, this would put headline earnings for the latest financial year at between 2.6c and 2.94c a share.
The increase, the group says, is the result of the acquisition of Information Security Architects and iSecure, both with effect from 1 March last year.
Earnings per share are expected to be 540% to 670% higher than previously.
"The difference between the headline and basic earnings per share is predominantly due to the write-off of intangible assets," the group says.
The update boosted the Y3K share, which rose by 6c or 15% to close at 46c on the JSE yesterday.
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