Shares in Mustek leapt by more than 13% on Monday after it told shareholders that its headline earnings per share would more than double in the six months ended 31 December 2020.
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Alviva Holdings said on Wednesday that it’s full-year headline earnings will fall by more than 50%, though it said its prospects have improved since a disappointing set of interim results earlier this year.
JSE-listed technology group Mustek reported a 9.4% increase in revenue in the year ended 30 June 2020, in spite of three months of the reporting period including the Covid-19 lockdown in South Africa.
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Shares in JSE-listed technology company Mustek leapt higher on Wednesday after it told shareholders it expects full-year headline earnings per share to be as much as 38% higher than a year ago.
Shares in Mustek climbed in early trade on Tuesday after the ICT company said it expects headline earnings per share to rise by as much as 25% in the six months ended 31 December 2018.
Despite South Africa’s economic malaise, technology distribution and services group Alviva Holdings has increased headline earnings per share by 12% for the year ended 30 June 2018.