About
Subscribe

Jasco`s fortunes improve

By Iain Scott, ITWeb group consulting editor
Johannesburg, 13 Sept 2004

Jasco Electronics says its latest interim results will show headline earnings per share (HEPS) of between 6.5c and 7.5c.

This compares with a headline loss of 2.3c a share for the six months to end-August last year.

"As indicated at its year-end results to February 2004, Jasco`s core operating divisions recovered from the initial setback of the rapid strengthening of the rand and the lack of telecommunications orders to deliver improved results," the group says in a shareholders` update.

It adds that its turnaround has continued to gather momentum, as evident in its results for the period to end-August this year.

"Excluding the effect of a deferred tax , HEPS will be between 9.5c and 10.5c compared with a headline loss of 2.8c per share for the comparable period last year," it says.

The results are expected to be published on 7 October.

Share