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Simeka predicts good period

Staff Writer
By Staff Writer, ITWeb
Johannesburg, 06 Dec 2007

AltX-listed Simeka BSG expects to post good growth when it releases its interim results next month.

In a statement to shareholders yesterday, the company said it expects revenue to be between 40% and 45% higher year-on-year. For the six months ended 30 November 2006, Simeka BSG delivered revenue of R215.2 million.

Headline earnings for the period should be between 45% and 55% higher than the R21.9 million delivered in 2006.

Headline earnings per share - weighted in issue and to be issued - are expected to be between 30% and 35% higher than the 6.1c year-on-year, it said.

Simeka BSG is expected to publish its interim results on 31 January.

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