MiX Telematics expects huge earnings jump
MiX Telematics, a listed provider of vehicle tracking solutions, said Monday (22 October) that for the half year ended September 2012‚ it expects earnings per share and headline earnings per share to be between 75% and 80% higher than the previous corresponding period.
For the corresponding six months in 2011, MiX reported revenue of R469 million while adjusted HEPS grew to 6.5 cents per share.
Adjusted headline earnings per share are anticipated to be between 42% and 47% higher than in 2011.
In June, the group reported a 14.8% rise in revenue to R1.02 billion for the year ended March 2012.
Mix Telematics said it broke through the billion-rand sales barrier for the first time, while operating profit grew to R146.38 million, from R117.18 million in 2011.
The group expects to publish its interim financial results on about 12 November 2012.
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