JSE-listed technology group GijimaAst expects to improve both its basic and headline earnings per share for the six months to 31 December 2009 by more than 100%.

The group told shareholders on Friday that it will release its interim result on 23 February. Both basic and headline earnings are expected to come in at between 8,6c/share and 9c/share, according to preliminary estimates.

“GijimaAst’s profits have in previous reporting periods been impacted by foreign exchange translation differences on consolidation of its inter-group loan accounts denominated in foreign currencies,” the group says.

“These translation differences no longer impact the company’s profits and are, from 1 July 2009, recorded within the company’s equity.”

GijimaAst, which is headed by CEO Jonas Bogoshi (pictured), says earnings per share for the six months to December are expected to improve between 20% and 40% from the normalised earnings per share for the same six months in 2008.

The group’s share price was trading up 1,9% at 109c after lunch on Friday. — Staff reporter, TechCentral