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Positive outlook for Reunert

By Iain Scott, ITWeb group consulting editor
Johannesburg, 21 Apr 2006

JSE-listed Reunert expects to post a 25% to 35% increase in interim earnings and headline earnings per share.

The group achieved earnings and headline earnings of 181.2c a share for the six months to March 2005.

On a comparable basis, this puts current earnings at between 226.5c and 244.6c a share.

Reunert says in a trading update that the performance is largely due to strong revenue growth at most of its companies.

Listed in the JSE`s electronics and electrical sector, Reunert owns companies such as Nashua, Nashua Mobile and Saco Systems.

Other investments include stakes in Siemens Telecommunications (40%) and ATC (74.9%).

The group says the results for the six months to February 2006 are being finalised and should be released before the end of 16 May.

For the 12 months to last September, Reunert earned attributable income of R709.2 million on turnover of R7.04 billion.

The Reunert share lost 25c or 0.4% to close at 7 150c yesterday.

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