Mustek expects big jump in earnings - TechCentral

Mustek expects big jump in earnings

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Technology company Mustek has told shareholders that it expects to report a strong improvement in headline earnings for the six-month period ended 31 December 2014.

“Mustek’s headline earnings per share are expected to be between 20% and 32% higher than the first half of the previous financial year at between 50,58c and 55,64c (first half of 2014: 42,15c),” it said.

The JSE requires companies to publish a trading statement if they expect their financial results will be more than 20% different to the previous reporting period.

Mustek said basic earnings per share are expected to be between 22% and 34% higher than the same period a year ago, with net asset value per share expected to be between R8,80 and R8,90 from R7,85 before.

The company, which is well known for its Mecer brand of computers, assembles and distributes PCs and related IT products from international companies such as Toshiba, Huawei, Acer, Lenovo, Asus, Samsung, Brother and Epson.

The company said it expects to publish its interim financial results on 25 February. Its share price has climbed by 36,5% in the past 12 months and was last quoted at R7,51/share, slightly off its 52-week high of R8,15/share set in November 2014.  — © 2015 NewsCentral Media

1 Comment

  1. Of course it will rise, AFAIK, the Government is one of their major clients, so there will be a premium involved!!