JSE-listed AdaptIT saw its shares gain 2.94% yesterday, on a day the market closed mostly flat, after it said earnings would be higher in the six months to December.
A management review of its interim figures indicates earnings per share and headline earnings per share are expected to increase by between 25% and 45%.
For the first six months to December 2011, the group reported earnings and headline earnings per share of 6.19c.
A year ago, revenue increased 8%, to R92.3 million, and profit from operations was 12% higher, at R7.2 million. However, the earnings per share gain was 80%, while headline earnings per share grew 74%.
"The minority buyouts of the previous financial year made a significant positive contribution to earnings growth," it said at the time.
Adapt IT's shares closed at 140c, a 4c or 2.94% gain, while the JSE's all share index closed 0.19% lower yesterday. Its results should be released on or about 13 February.
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