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Jasco earnings set to plummet

Aug 30 2010 16:16 I-Net Bridge

Company Data

Jasco Electronics Hldgs [JSE : JSC]

Last traded R1.20
Change R0.00
% Change 0.00%
Cumulative volume 53,270
Market cap R175.68m

Last Updated: 25/05/2012 at 19:32. Prices are delayed by 15 minutes. Source: McGregor BFA

 

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Johannesburg - Electronic services and equipment provider Jasco Electronics Holdings [JSE:JSC] on Monday advised that headline earnings per share for the twelve months to June 30, 2010 are expected to be between 15% and 35% lower than the comparative pro forma HEPS of 21.7 cents per share for the twelve months to June 30, 2009.

Earnings per share are expected to be between 0% and 20% lower than the comparative pro forma EPS of 21.2 cents per share for the twelve months to June 30, 2009.

The group advised that due to the change in its financial year-end from February to June last year, its trading statement also provided earnings and headline earnings guidance on a 16 months versus 12 months.

It said that HEPS for the 12 months to June 30, 2010 are expected to be between 45% and 65% lower than 36.7 cents reported for the 16-month period ended June 30, 2009.

EPS are expected to be between 40% and 60% lower than the 36.2 cents reported for the 16-month period ended June 30, 2009.

"The decrease in earnings was primarily due to the continued impact of poor economic and market conditions and a lack of major capital projects in the telecommunications and security sectors," it said.

Jasco said it would announce its abridged results on about September 15, 2010.

 
 
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