Mix Telematics expects earnings rise
Mix Telematics, a listed provider of vehicle tracking solutions, advised on Monday (14 May) that it anticipates headline earnings per share to be between 37% and 42% higher for the year ended March 2012, than 11.3 cents previously.
It expects adjusted headline earnings per share to be between 30% and 35% higher than an adjusted HEPS level of 14.1 cents per share in 2011, while earnings per share is seen at 40% and 45% higher than 10.9 cents before.
Mix recorded revenue of R886.60 million in 2011, along with a profit attributable to shareholders of R71.5 million.
The group expects to publish its results on about 11 June 2012.
Mix designs, develops and sells innovative fleet management technology and vehicle tracking services for the consumer and commercial vehicle market.
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