Listed diversified investment company MICROmega Holdings has advised that it expects headline earnings per share for the six months ended June 2012 to be between 85% and 90% higher than 13.72 cents in the same period in 2011.
Earnings per share is expected to be between 104% and 109% higher than the earnings per share of 14.67 cents for the six months ended 30 June 2011, the group said.
In March, MICROmega said that revenue for the year ended December 2011 advanced to R775.48 million, from R682.31 million in 2010, while revenue from continuing operations improved to R690.99 million, from R547.78 million before.
MICROmega announced a pre-tax profit of R8.424 million, down from R11.74 million, with profit for the year up to R11.83 million, from R7.81 million.
The group said it would look to boost its earnings in 2012 through its recent investment in cloud solutions.
Through its subsidiary, Turrito Networks, MICROmega provides converged communications – delivering MPLS networks; hosting facilities; internet; and cloud computing services to large corporates and the SMME market.