Mustek sees big jump in earnings - TechCentral

Mustek sees big jump in earnings

JSE-listed technology company Mustek said on Friday that its interim headline earnings per share (Heps), for the six months ended 31 December 2017, will jump by as much as 60%.

In late January, the company, which assembles its own PCs under the Mecer brand and which distributes technology for international vendors such as Huawei, Brother, Asus, Acer, Toshiba and Lenovo, said Heps will rise by at least 20% compared to the previous reporting period.

But in Friday’s update, it quantified that number, saying Heps will be between 56,01c and 59,74c, a jump of between 50% and 60% compared to the same six-month period a year ago.

Basic earnings per share are also expected to be between 50% and 60% higher, it said.

Net asset value per share is expected to be between R12.65 and R12.75, compared to R10.68 in the 2016 interim period.

Mustek said it expects to publish its results on 22 February. It share price has appreciated by 33% in the past year. It was last quoted at R6.10/share.  — (c) 2018 NewsCentral Media