By Kimberly Guest, ITWeb contributor
Johannesburg, 22 Feb 2008
JSE-listed IT services and solutions group Business Connexion has warned shareholders that earnings per share (EPS), for the six months ended November 2007, could be significantly lower.
In a notice to shareholders yesterday, the company advised that EPS is likely to be between 40% and 60% lower than the first six months of its last financial year.
However, it reminded shareholders that the reduction is due to the sale of the group's commercial properties to Growthpoint Properties in the previous financial year. This had an effect of 14.4c per share (45%).
Earlier in the day, the company advised that Tony Ruiters had been appointed as non-executive chairman with immediate effect. Ruiters replaces John Buchanan.
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