Mustek dives on JSE after headline earnings shock
Group cites economic challenges, higher interest rates and lower sales of green-energy products
25 February 2024 - 16:50
Mustek’s share price fell the most in two years on Friday as the information and communications technology group warned that its interim earnings to end-December would more than halve.
The company expects to report a drop in headline earnings per share (HEPS) — which strip out the effects of one-off financial events — to 77.61c-99.78c, which is 55%-65% lower than the 221.74c reported in the prior matching period. ..
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