Business Connexion`s (BCX`s) share continued to climb this morning after the group said on Friday that it expected interim earnings per share (EPS) to be 160% to 180% higher than previous pro forma figures.
The share rose by 8c or 1.6% to close at 505c on the JSE on Friday.
Earlier in the afternoon the group said in an update to shareholders that EPS for the six months to November would be 160% to 180% higher than the pro forma figures in a shareholder circular circulated in April last year.
The pro forma EPS figure in that document was 20c. Pro forma headline earnings per share (HEPS) were 19.6c. This was after the merger of Comparex and Business Connexion.
According to the update, shareholders can expect HEPS to be 10% to 20% higher than the pro forma figures.
BCX says the EPS increase is mainly the result of a gain on the sale of its interest in Mosaic Software Holdings.
The group had a 37.166% shareholding in Mosaic, which it sold to US-based S1 Corporation in November.
The share has continued upwards today, reaching 510c before noon.
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