JSE-listed Grintek expects to report a significant improvement in its performance when it releases its figures for the six months to December.
The results, due to be published on 3 March, are predicted to show a 20% to 40% increase in headline earnings per share compared with the same period the previous year.
For the six months to December 2003, Grintek`s headline earnings slipped from 4.9c a share to 4.6c a share.
This means the group`s latest earnings will be in the range of 5.52c to 6.44c a share.
However, the group says in a trading update that shareholders should not expect the same growth for the full year to 30 June.
Grintek is a supplier of electronic-related products to various industries, including telecommunications, avionics, defence and air traffic control.
The market is still awaiting news on whether Saab SA will make an offer for the group at 170c a share.
Saab SA said in November that it was considering making such an offer, but so far there have been no developments in this regard.
However, the market appears optimistic that an offer will be made. The Grintek share, which had been trading at levels around 130c in the month before that announcement was made, rocketed to more than 170c after the disclosure. It closed as high as 195c last month.
Yesterday the share rose by 6c or 3.6% to close at 174c. By midmorning today it was trading at 176c.
Related story:
Market awaits Grintek offer
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