Siemens Telecommunications` (Sietel`s) return to profitability has helped Reunert to increase full-year headline earnings per share by 45% to 55%.
The group reported in May, with the release of its interims, that associate company Sietel had returned to profitability.
According to a trading statement issued yesterday, Reunert is to release the results for the year to end-September on 16 November.
It adds that improved performances by its managed operations are also behind the earnings increase.
Losses by Sietel hurt Reunert in the 2002/03 financial year. The group`s headline earnings fell from 229.5c to 183.5c in the year to end-September 2003.
CEO Boel Pretorius said at the time that strong performances by Reunert-managed businesses were not enough to offset the problems at Sietel.
The Reunert share was trading at R29.30 on the JSE this morning, up 39c or R1.35 on yesterday`s close. The R28.91 close yesterday was a 92c or 3.3% gain on Monday`s price.
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