Connection Group is to report at least a 45% increase in headline earnings per share for the six months to February.
The group says in a trading update that earnings per share and headline earnings per share are expected to be between 45% and 55% higher than those of the previous year.
For the six months to February last year, the group, a holding company with interests in retailing of software and hardware, as well as digital photography, achieved headline earnings of 34.79c a share, up 68% from 20.71c a year earlier.
Following the latest trading update, the group should report interim headline earnings of 50.45c to 53.93c a share.
Last year Connection expanded its operations through the purchase of 16 photographic stores from New Teltron, as well as the acquisition of photographic chain Beyond IT.
Although the rebranded Photo Connection did not have a material effect on last year`s results, Connection Group CEO Grattan Kirk has said the division would affect earnings in the 2005 financial year.
The Connection Group share was trading at 1 000c on the JSE late this morning, up 80c or 8.7% from yesterday`s close.
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