JSE-listed investment company Paracon Holdings expects earnings to be significantly up on last year's figures when it presents its interim results next month.
The company's two subsidiaries focus predominantly on the IT sector. Paracon SA offers IT skills on a contractual basis through Paracon Resourcing, and a variety of IT services and solutions through Paracon Business Solutions. Its second subsidiary, The Personnel Concept, offers recruitment in the fields of IT, finance and engineering.
In a notice to shareholders yesterday, the company said a review of its financial results for the six months ended 31 March indicated headline earnings per share (HEPS) and basic earnings per share (EPS) are expected to be between 45% and 55% higher than those in the previous interim period.
Last year, the company's HEPS and EPS gained 45%, to 5.5c per share, off the previous year's 3.8c.
The company's share price yesterday rose 5% to a high of R2.10, before closing at R2.06. Paracon is expected to release its interim results on or around 7 May.
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