Pinnacle sees further earnings rise
·22 Jan 2013
ICT group Pinnacle Technology Holdings expects a rise in its headline earnings per share of between 16% and 22% for the six months ended December 2012.
The group forecasts its interim results will reflect a HEPS and an EPS of between 91 cents per share and 96 cents per share from HEPS of 78.3 cps and the EPS of 78.5 cps achieved in the comparative period last year.
In September 2012, Pinnacle reported an 18% rise in revenue to R5.8 billion with earnings before interest, taxes, depreciation, and amortisation (ebitda) up 30% to R419 million.
The group lifted its dividends for the year by 52% to 35 cents.
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