Johannesburg - Direct-response retailer Verimark Holdings
[JSE:VNK] said on Friday that it expected a 20% increase in earnings per share and headline earnings per share for the year ending on February 28 2011 compared to the previous year.
"As has been evident from the financial results reported for the last six months of the previous financial year, as well as the first six months of the current financial year, Verimark is firmly back to profitability and this improved trend has continued to date," it said.
Verimark made a loss for the first six months of the previous financial year, which affected the base on which the growth for the current financial year is expressed, it said.