A strong first-half profit performance by Maxitrans Industries has prompted analysts at Canaccord BGF to substantially increase their earnings per share forecasts for 2011-12 and 2012-13.

The broker now expects Maxitrans to record a full-year net profit of $11.4 million, representing earnings per share of 6.5¢. This places the company on a forward price-earnings multiple of 7.2 based on Monday’s closing share price of 47¢.