JSE-listed Poynting Holdings says earnings and headline earnings per share will be at least 100% higher in the year to June.
The news, issued yesterday, sent its shares to a new 52-week high, to close at 100c, after gaining 15c, or 17.65%, on the day.
The company designs, manufactures and supplies antennas and telecommunication products to the cellular, wireless data and defence markets in SA and internationally, through its subsidiaries and partner companies.
Last year, Poynting reported revenue of R81.5 million, a 7% year-on-year gain. It saw a 54% increase in profit before taxation, from R3.8 million to R5.8 million, excluding the loss in discontinued operations.
Basic earnings per ordinary share were 2.95c, while headline earnings per ordinary share came in at 3.28c.
Poynting's year-end financial results are expected to be released on 28 September.
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