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Mustek earnings seen 55%-65% lower
IT group Mustek (MST) said on Thursday (16 February 2012) it expected headline earnings per share in the six months ended December 2011 to be between 55% and 65% lower, from 36.20 cents in prior comparable period.
Basic earnings per share are expected to be between 35% and 45% lower than the basic earnings of 36.12 cents per share previously.
Turnover increased by 20.9% to R1.964 billion, while gross profit percentage increased to 14.7% compared with 14.4% a year earlier.
Mustek is a South African branded assembler and distributor of PCs, notebooks and related products.
The interim results are expected on February 29.
Source: I-Net Bridge
For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.
We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.
Go to: http://www.inet.co.za
