subscribe: Daily Newsletter

 

Pinnacle turnover, earnings on the up

0 comments

Pinnacle Technology Holdings' turnover has grown by more than 45% from last year, and earnings are expected to be more than 30% higher than in 2007.

The group has issued a statement to the effect that turnover for the 12 months ended 30 June is expected to increase by 45,5% over last year's figures, to R2,496-billion.
Gross profit is expected to be 15,2% and operating profit margins are expected to achieve 6.1%. Earnings per share is therefore is projected to be between 68,3 and 71,3 cents per share, between 33,4% and 39,3% higher than last year.
Pinnacle has been in the news lately, having recently acquired distribution rights for brands such as Lexmark, Acer, HP and Dell.

* The group's official results are expected on 18 September.