Internet financial news portal Moneyweb yesterday indicated it would report a profit for the year ended 31 March, a turnaround in profitability compared to the previous year`s performance.
In a trading update, Moneyweb said it will report earnings of between 0.65c and 0.78c per share and headline earnings of between 1c and 1.2c per share. In the previous financial year, it reported a loss of 21.2c and a headline loss of 2.4c per share.
Moneyweb attributes the turnaround to a restructuring that was completed in February last year and says the results have not been reviewed or reported on by its auditors. The results should be finalised and published in the Stock Exchange News Service around 30 June.
A JSE dealer says Moneyweb`s shares were unaffected by the news and were trading little changed at 35c.
"There have been no transactions done this morning on the share with buyers at around 35c and sellers asking for 50c per share. In fact, there has hardly been any trade in the share for about a week now," he says.
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