Pinnacle Technology says it will report at least a 30% increase in earnings and headline earnings for the year to 30 June.
The company is a supplier of IT products and services, including computers, peripherals and networking products, as well as value-added sales and support services, installation and financing schemes.
The group says in a trading update issued late yesterday that the earnings improvement is mainly because of higher revenues and margins resulting from an increased level of trading activities in both the corporate and government sectors in its primary operating subsidiary, Pinnacle Micro.
Pinnacle expects to publish the results on or around 30 September.
Last year the group reported headline earnings of 4.78c a share and basic earnings of 1.62c a share.
Net profit of R2.41 million compared with a profit of R6.51 million the previous year.
The Pinnacle share was trading at 27c on the JSE this morning, up 2c or 8% from yesterday`s close.
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