JSE-listed Idion Technology Holdings expects to narrow its loss in its next results.
The technology investment holding company told shareholders this morning that its loss and headline loss per share for the period ended 30 June 2006 are expected to be between 0.6 US cents and 0.8 US cents, compared to the group`s loss and headline loss per share of one US cent in the comparative period in 2005.
The company, which ends its financial year in December, last year reported full-year headline earnings per share of 0.6 US cents, down from 1.3 US cents previously.
However, the company also said its 2006 first half results are in line with historical revenue seasonality, as most of its revenue and profits are likely to be recorded during the second half of the year.
Under JSE-listing requirements, companies are expected to publish a trading statement as soon as they are aware that their next financial results may differ by at least 20% from those of the previous corresponding period.
Idion`s results are to be released on 23 August. Its shares closed at R1.50 on Tuesday, 10c off Monday`s close. Its 12-month high is R1.75.
Related stories:
Mystery over Idion share slide
Idion`s investments 'bearing fruit`
Idion`s headline earnings plunge
Share