INFORMATION technology (IT) group Pinnacle Holdings expects headline earnings per share (HEPS) for the six months to December 31 2015 to be 13%-18% higher than the year-earlier period.HEPS are expected to be between 91c and 95c, compared with 80.4c previously."Revenue for the six months ended December 31 2015 grew in a satisfactory manner with pleasing growth coming from our infrastructural products and new technologies," the company said.But it added that, as previously highlighted to the market, gross margins were under pressure and, as a percentage of revenue, would be about 1.5% lower than the comparative period."This was brought about by competitive pressures and product mix as the group continues its progress into large technology projects which typically carry lower margins."At 1.50pm Pinnacle’s share price on the JSE was up 1.32% to R10.72.
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