Mustek expects big jump in earnings per share - TechCentral

Mustek expects big jump in earnings per share

Shares in JSE-listed technology company Mustek leapt higher on Wednesday after it told shareholders it expects headline earnings per share for the year ended 30 June 2019 to be as much as 38% higher than a year ago.

Mustek, which is well known for its Mecer brand of computers and which distributes technology products for a wide range of international equipment manufacturers, said headline earnings per share are expected to be between 25% and 38% higher than the previous financial year at between 130.19c and 143.73c (2018 reported: 104.15c).

Basic earnings per share are expected to be between 37% and 50% higher than the previous financial year at between 140.53c and 153.87c (102.58c).

Net asset value per share is expected to be between R14.85 and R15.05, compared to R13.49 a year ago.

Mustek expects to report its full-year results on 6 September. The share price ended the session up 11.9% at R8.75.  — (c) 2019 NewsCentral Media

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