Poynting revises H1 expectations

Poynting Holdings (POY), a designer and manufacturer of antennas, has advised that it expects a profit per share and the headline profit per share of between 1.61 cents and 2.24 cents for the six months ended December 2011 – compared to a prior loss per share and headline loss per share of 3.15 cents and 1.85 cents, respectively.

It follows a note on 3 February 2012, that it expects earnings per share and headline earnings per share of 1.42 cents for the six months ended December 2011 – compared to the previous corresponding period’s loss per share and headline loss per share of 3.15 cents and 1.85 cents respectively.

“The range, within 20%, by which the earnings per share and headline earnings per share will increase cannot be determined with a reasonable degree of certainty at this stage,” it said.

Poynting Antennas divides its activities into two divisions: The commercial antenna division – which manufactures low cost antennas for wireless and cellular end-user antenna applications; and the defence and specialised antenna division – which focuses on electronic warfare antennas, mainly for direct or indirect export to international defence customers.

Poynting expects to publish its results on about February 28.