Poynting again revises earnings higher

Poynting Holdings has again revised its anticipated earnings for the year ending June 2012, to reflect a 100% increase in headline earnings per share from 3.28 cents in 2011.

The diversified tech and antenna specialist says it also expects earnings per share to rise by 100%, from 2.95 cents before.

“A further trading statement will be published once the company has a greater degree of certainty with regards to its financial results for the year ending 30 June 2012,” Poynting said in a statement.

In May, Poynting said it expected EPS and HEPS for the year ended June 2012, to be at least 20% higher than before.

The group expects to publish its results on, or about, 28 September 2012.

In February, CEO Andre Fourie highlighted strong international growth for the group’s commercial and defence products, adding that commercial product sales were booming in South Africa on the back of better mobile broadband offerings.

The group focuses on three main market segments. Its commercial division manufactures antennas for cellular and wireless data communications; defence and specialised antennas designs and manufactures electronic warfare antennas (DF and Jamming);  and cellular coverage solutions (CCS) focuses on installing booster antennas for end users and designs micro base station solutions for operators.

Fourie explained that the group’s defence and specialised antennas continue to outperform other divisions in the group. “This is the ‘oldest’ product range of Poynting who focused themselves on EW antennas from about 2005,” he said.

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Poynting again revises earnings higher