Investment holding company MICROmega expects to double earnings per share in the half-year to June.
The group, which focuses on providing information technology, financial, occupational health and safety and labour supply services, says headline earnings will be between 85% and 90% better than the 13.72c for the six months to June 2011. Headline earnings per share are considered to be a key measure of performance as once-off items are stripped out.
However, earnings per share will be between 104% and 109% higher than the 14.67c reported a year ago.
During the year to December, MICROmega sold and closed businesses that were not contributing to profit, and refocused its investments into IT and its traditional support-service operations.
MICROmega's shares closed unchanged, at 300c, yesterday.
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