Mustek sees earnings rise

Mustek, the listed ICT distributor group, says it expects headline earnings per share for the six months ended December 2012 to be between 135% and 140% higher than 13.40 cents per share recorded in the prior year.

Shares in Mustek lifted 5.77% or 32 cents to R5.87 in afternoon trade on the JSE.

Basic earnings per share is expected to be between 45% and 50% higher than the basic earnings of 21.14 cents per share of the previous corresponding period.

Net asset value per share is expected to be between 710 cents and 715 cents.

In annual results for the year ended June 2012, revenue from continuing operations climbed 20.9% to R3.503 billion.

The group’s dividend remained unchanged at 17 cents per share.

The company expects to publish its results on about 21 February 2013.

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Mustek sees earnings rise