Mustek's shares improved by 6.52% in early afternoon trade today on the back of its announcement that earnings would be as much as 34% higher in the interim period.
The company's share was trading at 800c around 3pm this afternoon on the back of the news. Its 52-week high of 815c was reached last November.
Mustek told shareholders that, in the six months to December, headline earnings per share are expected to be between 20% and 32% higher than the previous interim period, and should come in at between 50.58c and 55.64c.
Analysts see headline earnings per share as a core indicator of performance as it removes once-off and non core items from the earnings calculation.
Basic earnings per share are expected to come in at between 22% and 34% higher, within a range of 50.39c and 55.34c.
Net asset value per share is expected to be between 880c and 890c compared with 785.30c a year ago.
In the full year, revenue gained 13.4% to R4.76 billion, driven mainly by growth in the Acer, Lenovo and Asus product ranges, as well as the security range of products that it distributed. Gross profit increased to R655.1 million, from R569.3 million the previous year.
Headline earnings were 38.3% higher, at 100.72c per share (2013: 72.85c per share) and basic earnings were 27.6% higher, at 100.07c per share (2013: 78.43c per share) at the end of its last full year.
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