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Jasco Climbs to 10-Month High as First-Half Earnings Surge

Jan. 23 (Bloomberg) -- Jasco Electronics Holdings Ltd., a South African investment company with interests in telecommunications businesses, gained to a more-than 10-month high after saying profit increased in the fiscal first half.

The stock gained 3.7 percent to 1.12 rand, the highest since March 9, by the close in Johannesburg, extending its advance over the past two days to 14 percent, the biggest jump since Sept. 29, according to data compiled by Bloomberg.

Per-share earnings before one-time items in the six months through Dec. 31 as much as doubled, the Johannesburg-based company said in a statement to the city’s stock exchange on Jan. 20.

To contact the reporter on this story: Stephen Gunnion in Johannesburg at sgunnion@bloomberg.net

To contact the editor responsible for this story: Vernon Wessels at vwessels@bloomberg.net

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