Listed diversified investment company MICROmega Holdings\u00a0has advised that it expects headline earnings per share for the year ended December 2012, to be between 55% and 60% higher than\u00a0HEPS of 20.94 cents in 2011.<\/p>\n
Earnings per share is expected to be between 60% and 70% higher than 7.72 cents recorded in the prior period.<\/p>\n
“Shareholders are advised that 80% of the headline earnings were earned in the first six months of trading, as published in the interim results,”<\/p>\n
The company has diversified its investment portfolio into four sectors, including financial services; support services; information technology, and automotive.<\/p>\n
Through its subsidiary, Turrito Networks, MICROmega provides converged communications \u2013 delivering MPLS networks; hosting facilities; internet; and cloud computing services to large corporates and the SMME market.<\/p>\n
MICROmega has a market cap of R253.80 million, and a share price of R2.50 on the JSE.<\/p>\n
MICROmega earnings up 87% for H1<\/strong><\/a><\/p>\n MICROmega expects H1 earnings rise<\/strong><\/a><\/p>\n MICROmega looks for growth in the cloud<\/strong><\/a><\/p>\n