Jasco Electronics has issued a trading statement as earnings are expected to be significantly higher for the six months ended 31 December.
Earnings per share (EPS) will be between 55% and 60% higher (between 9,9 cents and 10,2 cents per share) than the 6,4 cents per share for the previous corresponding period.
In addition, headline earnings per share (HEPS) will be between 25% and 30% lower (between 4,8 cents and 5,2 cents per share) than the 6,9 cents per share for the previous period.
While the group’s core businesses performed satisfactorily, adverse market conditions severely impacted the performance of Lighting Structures and M-TEC, which reduced overall group profitability.
With effect from 1 December 2012, Lighting Structures was sold to Jasco’s international partner in this business.
The difference between the EPS and HEPS is due to profit on the disposal of property and the loss on disposal of Lighting Structures. Both of these disposals have a once-off impact.
Earnings per share (EPS) will be between 55% and 60% higher (between 9,9 cents and 10,2 cents per share) than the 6,4 cents per share for the previous corresponding period.
In addition, headline earnings per share (HEPS) will be between 25% and 30% lower (between 4,8 cents and 5,2 cents per share) than the 6,9 cents per share for the previous period.
While the group’s core businesses performed satisfactorily, adverse market conditions severely impacted the performance of Lighting Structures and M-TEC, which reduced overall group profitability.
With effect from 1 December 2012, Lighting Structures was sold to Jasco’s international partner in this business.
The difference between the EPS and HEPS is due to profit on the disposal of property and the loss on disposal of Lighting Structures. Both of these disposals have a once-off impact.