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IT firms post better results

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Allied Technologies (Altech) has announced that it will post better-than-expected results for the six months ended 31 August.

The company's basic earnings per share is expected to be 50% to 55% higher than that of the prior comparative period. This is mainly due to the
impairment of goodwill of R47-million in Altech NamITech at the end of August 2007.
Meanwhile, the company's headline earnings per share is expected to increase by between 17% and 19% compared to the previous period.
Adjusted headline earnings per share is expected to be 20% to 25% higher than that of the corresponding period last year.
AdaptIT Holdings also expects its earnings and headline earnings per share for the six-month period ended 31 August to be between 20% and 25% higher than the previously reported corresponding period.