The company says, in a Stock Exchange News Service announcement published yesterday, that earnings per share should be between 2.96c and 3.9c for the six months to December. Headline earnings per share are expected to come in at between 3.21c and 3.91c.
For the six months to August, AdaptIT reported earnings per share of 4.73c and headline earnings per share of 3.5c.
The firm says the interim earnings per share for the current period are lower than those reported for the previous first half, because of the impact of its change in year-end, which affected timing of the recognition of revenue and once-off costs relating to its acquisition of stakes in ITS Holdings and ApplyIT.
AdaptIT bought the 22.7% of ApplyIT that it did not own, in November last year, for R720 000. The company bought into ApplyIT in 2007 and, until the deal, owned 77.3% of the company, which operates within the manufacturing and mining sectors.
In October, AdaptIT said it was buying the 49% of ITS that it did not already own, taking a loan to pay the R19.86 million purchase price.
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