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Pinnacle Tech expects earnings rise

Johannesburg – Pinnacle Technology Holdings [JSE:PNC] advised on Wednesday that its earnings per share (EPS) for the year ended 30 June 2012 are now expected to be between 170 cents and 177 cents‚ which is between 42% and 46% up on last year’s EPS of 121 cents.

In July the group forecast EPS of between 168 cents and 175 cents.

Headline earnings per share are still expected to be between 170 cents and 177 cents – the same as the group’s EPS and representing an increase of between 45% and 50% over the HEPS of 117.7 cents for the comparative year.

The company’s financial results for the year ended 30 June 2012 are expected to be published on or about 7 September 2012.
 
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