Bryant Technology incurred a net loss of R281 000 for the six months to December, 8.5% worse than the R259 000 a year earlier.
A headline and basic loss per share of 0.14c compares with a previous 0.13c per share loss. Revenue was down from R2.06 million to R1.54 million.
"The poor results for the six months under review primarily resulted from the continuing impact of the strength of the rand and lack of business confidence," says director Bill Marchant.
Bryant incurred a net loss of R618 945 for the year to June 2003. This, combined with the fact that the group continues to sustain losses, led auditing firm KPMG to state in January that there was doubt about Bryant`s ability to continue as a going concern.
Marchant says the group has noted a positive change in business confidence and expects a marked improvement in trading conditions this calendar year.
"Restructuring, to enable opportunities of diversification and transformation, is essential to the future of the company," he says.
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