JSE-listed Pinnacle, which distributes PCs, has warned shareholders its results for the year to June will show lower earnings and headline earnings per share.
The company says in a statement that headline earnings per share are expected to come in at between 160c and 175c a share, while earnings per share should be between 165c and 180c a share.
Pinnacle says this is a decline of between 15% and 22% in headline earnings per share, while earnings per share will be between 13% and 20% lower. Analysts view headline earnings per share as a key measure of a company's performance as the matrix strips out non-core and once-off items.
A year ago, revenue came in at R6.6 billion, a gain from the 2012 figure of R5.8 billion, while net profit grew from R282.4 million to R325.7 million.
Earnings per share were 205.8c, while headline earnings per share were 205.6c. Both these figures were an improvement on 2012.
Pinnacle's results should be published on 5 September.
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