JSE-listed Cape Empowerment Trust (CET) expects to more than double its earnings and headline earnings per share for the year to December.
The group, which is the parent of Dynamic Cables, also listed on the JSE, has issued a trading update in which it says earnings and headline earnings per share are expected to be 120% to 140% higher than those of the previous year.
It attributes the improvement to a better than expected performance from its property investments.
Last year the group reported headline earnings of 6.9c a share.
Among its other investments, CET owns more than 60% of Dynamic Cables.
Dynamic Cables` share began to trade again recently after being suspended for about two-and-a-half years as directors sorted out a matter related to tainted scrip.
The CET share was trading unchanged at 68c on the JSE this morning.
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