security and risk management provider SecureData Holdings expects earnings to double in the year to July.
The company yesterday released a trading update in which it said earnings and headline earnings per share are expected to be between 100% and 110% higher than a year ago.
Adjusted headline earnings per share, which strips out items such as amortisation charges, unrealised foreign exchange losses and group loans, is expected to be between 12% and 22% higher.
A year ago, SecureData reported revenue up 71%, to R464.6 million. However, net profit was lower at R5.7 million, down from R9 million in 2008. The lower net profit impacted both headline and earnings per share, which were 2.9c, compared with 5c in 2008.
Adjusted headline earnings per share were higher, at 11.7c, compared with 10.9c in 2008.
SecureData's results are expected to be published on 6 October. Its shares closed flat yesterday at 85c.
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