AltX-listed Africa Cellular Towers expects interim earnings and headline earnings per share (HEPS) to see marked increases year-on-year.
The JSE requires companies to publish a trading statement as soon as they are satisfied financial results will differ by 20% or more on the previous corresponding period.
In a statement yesterday afternoon, ACTowers said it expected earnings and HEPS to increase by between 25% and 45% when it releases its financial results for the six months ended 31 August.
The notice regained some of the market`s confidence after a day of volatile trade, which saw the company`s share price dip to R2.60. It closed flat at R2.68 yesterday.
Related stories:
Approval for ACTowers` R45.8m buy
ACTowers to buy JK Shelters
ACTowers to exceed forecasts
Share
