JSE-listed IT company Pinnacle has told shareholders its interim financials will deliver revenue of R974 million.
The company is expected to report its results for the six months to end December, on or around 16 February.
In a trading statement, the company yesterday revealed the expected revenue for this period represented a 33.7% jump on the previous corresponding period. It added gross profit margins had increased to 17.5%, from 15.6% in December 2006, with operating profit margins inching forward to 7.3%, from 7% year-on-year.
As a result, Pinnacle is projecting earnings per share (EPS) to be between 53.8% and 58.4% higher or between 34c and 35c per share. Headline EPS (HEPS) is also expected to be between 34c and 35c, representing an increase of between 51.1% and 55.6%. Fully diluted HEPS is projected to be between 27.8c and 29c per share, being between 50.3% and 56.8% higher year-on-year.
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