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Digicore to lift H1 earnings 30%

Digicore to lift H1 earnings 30%

Photo by Duane Daws

20th February 2015

By: Natalie Greve

Creamer Media Contributing Editor Online

  

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Fleet management and vehicle tracking group Digicore Holdings expects attributable earnings for the six months ended December 31 to increase by between 30% and 40% to between 10.69c and 11.51c a share.

Similarly, headline earnings would likely increase by between 9% and 19% to between 8.96c and 9.78c a share.

“The increase in headline and attributable earnings are as a result of the turnaround of our international business, an increase in revenue generated from the insurance industry, growth in the stolen vehicle response market and further success in cost-saving initiatives,” the company said in a trading update on Friday.

Digicore expects to release its interim results for the period on February 26.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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