JSE-listed Faritec Holdings is to report a 20% to 30% increase in net profit for the six months to December, compared with the same period last year.
The group issued a trading update last night in which it says headline earnings per share are expected to be between 4c and 4.5c, while basic earnings per share of 3.5c to 4c are expected.
Faritec reported basic earnings of 3.6c a share and headline earnings of 0.9c a share for the six months to December 2004.
The group says the improvement is the result of better trading margins and ongoing control of operating expenses.
"The new strategy, transformation and investments made have started to show the expected returns," it adds.
Faritec has been changing its revenue mix to become less reliant on hardware sales by increasing the software and services components.
The Faritec share closed at 54c on the JSE yesterday, up 5c or 10.2% from the previous close.
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