Beget Holdings remained in the red in the six months to end-June, posting a headline loss of 0.16c.
Although the group achieved headline earnings of 0.4c a share for the year-earlier period, it posted a headline loss of 1.25c a share for the full year to December 2003.
Group MD Andr'e Potgieter says that in the remainder of the current financial year, the group is releasing two new products developed by its research and development company.
"These new products will significantly improve profitability of the company in 2005," he adds.
Beget, a mobile technology business applications specialist, incurred a pre-tax loss of R0.32 million, compared with a year-earlier profit of R1.64 million.
Revenue for the period almost halved from R6.03 million to R3.1 million and a previous operating profit of R1.64 million was turned into an operating loss of R0.29 million.
The balance sheet shows current liabilities of R3.18 million outweighing current assets of R2.03 million, translating into a current ratio of 0.63. At the end of the same period a year ago, the company had the much healthier current ratio of 1.96.
At that time the company had current assets of R2.72 million, against liabilities of R1.38 million.
Beget had cash of R103 000 at the end of the six months, compared with R787 000 at 30 June 2003.
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