MICROmega sees vast earnings growth

Listed diversified investment company MICROmega Holdings has advised that it expects headline earnings per share for the year ended December 2012, to be between 55% and 60% higher than HEPS of 20.94 cents in 2011.

Earnings per share is expected to be between 60% and 70% higher than 7.72 cents recorded in the prior period.

“Shareholders are advised that 80% of the headline earnings were earned in the first six months of trading, as published in the interim results,”

The company has diversified its investment portfolio into four sectors, including financial services; support services; information technology, and automotive.

Through its subsidiary, Turrito Networks, MICROmega provides converged communications – delivering MPLS networks; hosting facilities; internet; and cloud computing services to large corporates and the SMME market.

MICROmega has a market cap of R253.80 million, and a share price of R2.50 on the JSE.

More on MICROmega

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MICROmega sees vast earnings growth