Business Connexion (BCX) says its headline earnings per share (HEPS) for the year to May are likely to be 100% to 120% higher than those of the previous year.
At the same time, basic earnings per share are expected to show an increase of 140% to 160% over the previous year.
For the year to May 2004, the group achieved attributable income of R120.4 million on turnover of R2.81 billion. Headline earnings amounted to 34.2c a share.
The group says in a trading update issued this morning that the HEPS gain is because of an improved operating performance, a derivative gain related to the sale of the interest in Mosaic Software Holdings and recognition of deferred tax assets.
A profit on the Mosaic sale was cited as an additional factor behind the increase in basic earnings per share, as was the gain on the sale of Digital Healthcare Solutions.
BCX sold its 37.166% shareholding in Mosaic Software to US-based S1 Corporation for a maximum of $19.3 million.
The BCX share was trading at 520c on the JSE late this morning, up 12c or 2.36% from yesterday`s close.
The results are expected to be released before 20 August.
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Mosaic Software sold for $37 million
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