Bytes Technology Group (BTG) expects to report a healthier set of results for the six months to 31 August.
This is according to a trading update the Altron-owned group issued this morning.
It has told shareholders that "the board of BTG is satisfied that a reasonable degree of certainty exists" that the results will show a substantial increase over those of the same period of last year.
In terms of JSE definitions, this indicates an improvement of at least 30%.
"Shareholders are further advised that the full-year results are also expected to show an improvement on the previous corresponding period, though it is unlikely to be of the same magnitude of this period," it says.
For the six months to August 2003, BTG achieved headline earnings of 24.67c a share, up just 4.8% from the year-earlier figure of 23.55c.
The results for the full year to February 2004 showed adjusted headline earnings of 67.94c a share, up 27% from the 53.51c of the previous year.
The group`s overall financial performance was hampered by its UK business in the first half of the 2003/04 financial year, although BTG CEO David Redshaw said earlier this year that the UK operation had returned to profitability in the second half.
The BTG share was trading at 590c on the JSE early this morning, up 15c or 2.61% from yesterday`s close.
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