Alviva Holdings (formerly Pinnacle Holdings) expects headline earnings per share (HEPS) for the year ended 30 June to be between 21% and 25% higher than a year ago. This is according to a trading statement released by the JSE-listed company.
Alviva says HEPS will likely be between 240cps and 247cps compared to 197.8cps reported last year. Headline earnings are expected to also rise by between 21% and 25% to between R394 million and R409 million, compared to R326 million the previous year. Earnings per share are expected to increase by between 16% and 21% to between 240cps and 247cps.
"As previously reported in the unaudited interim financial results, all operating divisions have performed well despite difficult market conditions," Alviva says.
This follows the strong interim results reported earlier this year, which saw revenue growth of 47%, to R6.3 billion for the six months ended 31 December 2016. Interim headline earnings rose by almost 19% year-on-year to R178 million, while HEPS rose 12.7% to 106.1cps.
At the same time, the group changed its name from Pinnacle Holdings to Alviva Holdings and began trading as Alviva on the JSE on 8 March.
The group finalised its acquisition of the balance of the ordinary share capital of Datacentrix in January for R541 million. Datacentrix, which delisted from the JSE in February, will for the first time be included in the Alviva financial results as a 100% owned subsidiary, with effect from February 2017.
Alviva's reviewed financial results for the year ended 30 June are expected to be released on or about 7 September.
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