JSE-listed PC company Pinnacle Technology Holdings expects headline earnings per share to improve to between 170c and 177c a share, a 45% to 50% gain on the last financial year.
The group yesterday published a trading update, in line with the JSE's rules, that stipulate that when results will differ by more than 20%, shareholders must be notified.
Pinnacle adds that earnings per share should come in at between 168c and 175c a share for the year to June, which represents an increase of between 39% and 45% over the 121c reported last year.
Pinnacle, which bought Axiz in 2010, for R150 million, to gain R2 billion in annual revenue, said at half-year it would wrap up integrating Axiz into its Workgroup unit by the end of the current financial year, which will aid turnover and profit growth.
A year ago, revenue gained 57%, to R5 billion, and net profit for the year was R222.3 million. Headline earnings per share were 117.7c.
Pinnacle's share price closed 1.2% lower yesterday, losing 20c on the day, to end at R16.49.
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