Johannesburg, 15 Mar 2005
Bytes Technology Group says it expects headline earnings per share (HEPS) for the year to February to be 25% to 32% higher than the 67.94c of the previous year.
However, this excludes the effects of raising certain deferred tax assets, it says in a trading update released yesterday afternoon.
Including the benefit of raising these assets, HEPS are expected to be 30% to 35% higher than the previous year.
But a goodwill impairment of R100 million relating to the investment in UK-based Plato, which was reflected in the interim results, will also be included in the full-year results.
This will lead to a decline of 70% to 90% in attributable earnings per share.
Bytes is to report its results on 28 April.
The group`s share closed at 810c on the JSE yesterday, up 10c or 1.3% from the previous close. However, by late morning the share price was down 3.7% at 780c.
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