Jasco expects FY HEPS 10% – 30% higher

JSE-listed IT company, Jasco has issued a statement indicating that it expects its headline earnings per share to be at between 15,4 cents and 18,2 cents, up from 14,0 cents recorded in 2011.

Earnings per share is expected to be 90% – 110% higher, with Jasco reporting EPS to be at between 14,8 cents and 16,4 cents, compared to the 7,8 cents recorded for the previous financial year.

The increase in EPS performance relates to the inclusion of Spescom for a full 12 month period as well as the ongoing improvement of the group’s investment in M-TEC, Jasco said.

“The difference between the EPS and HEPS increases is due to once-off adjustments incurred in the previous financial year.”

Jasco reported that both the EPS and HEPS in 2012 were impacted by a full weighting of shares issued for the Spescom transaction in January 2011.

“This has increased the weighted average number of shares in issue to 140,173,019 compared to 122,745,469 in 2011.

The information in the trading statement has not been reviewed or reported on by the company’s external auditors.

Jasco’s audited abridged results will be announced on 19 September 2012.

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Jasco expects FY HEPS 10% – 30% higher