Mix Telematics (MiX), the South Africa-based vehicle monitoring and fleet management solutions provider, has said it expects a significant rise in its earnings for the half year ended September 30, 2012.
MiX anticipates its earnings per share (EPS) to be between 75 percent and 80 percent higher than the previous corresponding period.
“Headline earnings per share are expected to be between 75 percent and 80 percent higher than the previous corresponding period as well and adjusted headline earnings per share to be between 42 percent and 47 percent higher than the previous corresponding period,” the company said in a statement.
In June this year, the company reported a revenue rise of 14.8 percent to R1.02 billion (US$118 million) for the year ended March 2012. It said that it had broken through the milestone of a R1 billion worth of sales for the first time, while operating profit grew to R146.38 million (US$16.9 million) from R117.18 million (US$13.6 million) in 2011.
MiX’s interim financial results announcement is expected to be released on SENS on November 12, 2012, the JSE-listed company stated.
MiX’s products and services, designed for both consumers and commercial fleets of all sizes, are available in 111 countries, across six continents. The company, which was listed as a public company in South Africa in November 2007 on the Johannesburg Stock Exchange (JSE), has a strong international heritage that dates back to 1985.
It employs approximately 800 people and invests in in-house research and development, contributing to its best-of-breed technology offerings that make it one of the global leaders in the field of vehicle telematics.