Vehicle tracking solutions company DigiCore expects its headline earnings per share and earnings per share to increase by between 10% and 14% for the six months ended 31 December 2008.
This compares to the headline earnings per share of 23.3c per share and earnings per share of 23.5c for the comparative period in 2007.
The group says it has experienced continued growth in its higher margin annuity revenue streams.
In a trading statement, DigiCore says: “This has enabled us to compensate for very poor performance from unit sales in Pakistan, due to the political and economic situation in that region, as well as not repeating the record number of unit sales achieved in the comparative period last year from our tender business during this reporting period.
“These factors have resulted in an overall reduction of hardware units manufactured and sold in the current period.
“We are positive these factors will improve in the next few months, along with our other international business.”
DigiCore's interim results will be released on 3 March.
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