Pinnacle revises EPS upwards

JSE-listed ICT products provider, Pinnacle Technology Holdings is expecting its earnings per share (EPS) to be between 170 cents and 177 cents for the 12 months ended June 2012, representing a rise of between 42% and 46% from 121 cents per share in 2011.

In July, the company said it expected EPS to be between 168 cents per share and 175 cents per share.

Pinnacle says it expects headline earnings per share (HEPS) to remain the same as earlier reported, namely between 170 and 177 cents per share, for the year ended June 2012.

This represents an increase in HEPS of between 45% and 50% over the HEPS of 117.7 cents per share for the comparative year.

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