JSE-listed IT group Business Connexion’s recently completed “revitalisation programme” is paying dividends. It expects its basic earnings per share to jump more than 80% in the six months to February 2010.
The group told sharholders on Wednesday that basic earnings per share would rise by between 80% and 90% compared to the six months to November 2008. This is “the most recent comparable interim reporting period following the change in financial year-end in 2009”.
“The results for the period have benefited from the successful completion of the group’s revitalisation programme,” it says.
Headline earnings per share are expected to rise by between 190% and 200%. The big difference between basic and headline earnings growth is related to the sale of property in Pretoria.
Business Connexion CEO Benjamin Mophatlane (pictured) told TechCentral last November, following publication of the group’s annual financial results, that it was benefiting from a strong up-tick in government business and from good annuity sales.
The group will publish its interim results on 22 April. — Staff reporter, TechCentral