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Pinnacle expects earnings increase

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Pinnacle Technology Holdings has issued a trading statement alerting shareholders that its earnings for the year ended 30 June 2012 will be substantially higher that last year’s.

The company is reasonably certain that its audited results for the year will reflect a headline earnings per share (HEPS) of between 170 cents per share and 177 cents per share.

This represents an increase in HEPS of between 45% and 50% over the HEPS of 117.7 cents per share for the comparative year.

In addition, Pinnacle’s earnings per share (EPS) is expected to be between 168 cents per share and 175 cents per share which represents an increase of between 39% and 45% over the EPS of 121 cents per share for the comparative year.

Final results will published on or about 7 September 2012.