ISA Holdings, the former Y3K Group, says it expects to report a 39% to 49% increase in headline earnings per share (HEPS) for the year to 28 February 2006.
The information security solutions provider achieved headline earnings of 3.5c a share for the year to February 2005, which means it expects HEPS of between 4.7c and 5.22c for the current financial year.
The results are expected to be published on 31 March.
The market reacted positively to the announcement this morning, with ISA`s share trading at 60c on the JSE by lunchtime, up 16c or 36.4% from Friday`s close.
Earnings per share (EPS) for the current financial year are expected to be 62% to 72% higher than those of the previous financial year, the group says in a notice issued on the JSE`s SENS announcement service.
This would put EPS in the range of 3.97c to 4.21c, compared with last year`s 2.45c.
In addition, ISA says EPS, before secondary tax on companies, is expected to be between 87% and 97% higher than the audited results of the previous financial year, while HEPS before secondary tax on companies is expected to be between 51% and 61% higher.
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