Hardware company Mustek says its results for the year to June will be better than those of the previous year.
Headline earnings per share are expected to be 15% to 30% higher than those of the year to June 2004, the company says in a trading update issued this morning.
That year the group achieved headline earnings of 72.5c a share and basic earnings of 50.79c a share.
The group is expecting to report a 55% to 65% increase in basic earnings per share for the latest financial year.
Rand strength in the 2004 financial year dented the group`s revenue, despite an increase in unit sales of its Mecer PCs.
For the six months to December 2004, the group achieved headline earnings of 44.42c a share on revenue of R1.35 billion.
The Mustek share was trading at 1130c on the JSE early this afternoon, down 27c from yesterday`s close.
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