Listed infrastructure company ConvergeNet Holdings says earnings will be higher when it reports its results for the year to August.
On Friday, the firm issued a statement indicating that headline earnings per share from continuing and discontinued operations should be between 25% and 35% higher.
A year ago, the company reported headline earnings of 1.98c, down from 2009's 4.83c a share.
Headline earnings per share from continuing operations for the year are expected to be between 125% and 130% higher. For 2010, headline earnings from continuing operations were 1.11c, down from 3.42c a share.
Last year, ConvergeNet reported revenue from continuing operations of R784.3 million, a decline on the previous year's R983.5 million. Net profit was R36 million, almost half the reported R62.6 million in 2009.
The company's share gained 3c, or 13.64%, to close at 25c on Friday. It did not indicate when its results will be out, but JSE rules allow companies three months from period-end to publish figures.
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