By Staff Writer for Spicer
Johannesburg, 22 Jun 2001
JSE-listed Spicer Holdings has warned that while its full-year results will show an improvement over last year, they will be below expectations.
The group returned to profitability with its two remaining companies - UK-based MIS-Corporate Defence Solutions and Sweden-based Inter IT-Konsult - in the six months to December 2000.
"The principal reason for the decline in earnings is IT industry pressures experienced as part of the worldwide slowdown in IT spend," Spicer says.
The Spicer share, which fell 1c to 5c on the JSE yesterday, was trading at 6c this morning.
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