Poynting sees huge earnings jump

Antenna maker Poynting Holdings anticipates headline earnings per share for the year ended June 2012, to increase by between 121.1% and 141.1%, to a range of between 7.25 cents to 7.91 cents, from 3.28 cents before.

It expects earnings per share to increase to be between 147.3% and 167.3% to an estimated range of 7.30 to 7.89 cents, from 2.95 cents in 2011.

In June the group said its earnings for the year ended June 2012 could rise by at least 100% from the previous year.

Earlier this month (August), Poynting announced that it had acquired South African-based high-frequency antenna manufacturer Radiant Antennas for an undisclosed amount.

The company expects to publish its results on about 28 September 2012.

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Poynting sees huge earnings jump