The Jasco Electronics Holdings share gained 15c or 9.1% on Friday to close at 280c after Jasco issued a trading update.
According to the update, issued during the afternoon, the group expects to report a 67% to 77% increase in headline earnings per share (HEPS) for the year to 28 February.
As Jasco achieved HEPS of 16.3c for the 12 months to February 2005, the latest HEPS figure will be between 27.2c and 28.9c.
Earnings per share (EPS) are expected to be 58% and 68% higher than the previous 16.3c, meaning that the latest EPS figure will be between 25.8c and 27.4c.
For the first half of the financial year, Jasco achieved headline earnings of 10.6c a share, 43.2% up on the 7.4c for the same period a year earlier.
CEO Joe Madungandaba said at the time the half-year results were released that the main drivers behind the earnings growth were a 22.7% increase in revenue, a reduction in interest paid and further improvement in efficiencies in the group`s core operating divisions.
The Jasco share has gained 26% since it opened the year at 222c. Its lowest close this year was at 206c on 22 February.
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