Pinnacle Technology Holdings is expecting that its turnover and earnings will be better than last year.

In a statement today, the company announced that, for the 12 months ended 30 June 2009, turnover increased by 16% to R 2,89-billion.
Fully diluted headline earnings per share is projected to be between 58 cents and 62 cents per share, being between 1,4% and 8,4% higher than the results of the comparative period.
Pinnacle reminds stakeholders that these results include a foreign exchange loss of R32-million realised on uncovered foreign denominated liabilities incurred during the devaluation of the rand in October 2008.
Fully diluted headline earnings per share, if adjusted for the exceptional foreign exchange loss, is expected to be between 68 cents and 73 cents per share, or between 19% and 27% higher than the previous yea.
Earnings per share is projected to be between 71 cents and 75 cents per share, being between 2,5% and 8,2% higher than the results of the comparative period.
Headline earnings per share is projected to be between 71 cents and 75 cents per share, being between 1,4% and 7,1% higher than the results of the comparative   
period.
During the financial year, the balance sheet was strengthened. Cash flows from operations amounted to R127-million. Net cash on hand increased from R77-million to R164-million, long-term debt was reduced to 3% of equity and net tangible asset value has increased 60% from 126,8 cents per share to 203 cents per  share.