JSE-listed African Cellular Towers (ACTowers) has informed shareholders it expects earnings and headline earnings per share, for the six months ended 31 August, to increase by between 25% and 35% over that of the previous corresponding period.
In a SENS statement to shareholders, ACTowers says it is finalising its results for the six months to 31 August, and these should be released on 12 November.
In terms of the listings requirements of the JSE, companies are required to publish a trading statement as soon as they are satisfied a reasonable degree of certainty exists that the financial results for the period to be reported on will differ by at least 20% or more from the financial results for the previous corresponding period.
ACTowers manufactures and fabricates steel communication towers, portal factories, steel fencing, diesel and water tanks, solar structures and general steel engineering.
The company also specialises in the management of turnkey telecommunications network projects, including GSM, WLL, fixed wireless and VSAT technology.
Having listed on the JSE two years ago, the company has a presence in various African countries and targets emerging markets.
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