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Pinnacle looks to earnings increase

Johannesburg - Pinnacle Technology Holdings [JSE:PNC], a provider of ICT products said on Monday that fully diluted headline earnings per share is projected to be between 35% and 40% higher at 79.8 and 82.8 cents per share for the year ended June 30 2010, from 59.1 cents previously.
   
Pinnacle said for the twelve months ended June, its turnover increased by 11.8% to R3.167bn, from R2.8bn previously.
   
Net tangible asset value per share is projected to be between 268 cents per share and 278 cents per share being between 31.9% and 36.8% higher than 203.3 cents per share in 2009.
  
Earnings per share is projected to be between 75.1 and 78.1 cents per share, from 72.5 cents per share earlier.
   
Pinnacle Technology will publish its results on about September 14 2010.
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