Dialogue Group says its earnings will be lower for the year to December on the back of liquidating loss-making Dialogue SA.
Dialogue SA had been hard hit by the global economic crisis and the company was not able to reverse its loss-making position, despite restructuring the unit.
The holding company expects to make a headline loss per share of between 25.9c and 31.6c, compared with a loss of 9.7c a year ago. It will also make a loss per share of between 29.1c and 35.4c, compared with a loss of 20c in the previous period.
Dialogue Group says the loss in earnings is because of the liquidation of Dialogue SA, which happened after year-end. Although the holding company will no longer be liable for losses made by the call centre unit, accounting rules require that it be incorporated into the full-year results.
The company has also announced the appointment of Terence Kretzmann as FD from today. Kretzmann joined Dialogue in January 2006 as an executive, and fulfilled a number of strategic roles, most notable in the listing and subsequent corporate actions of Dialogue.
He will step down from his role as company secretary, and will be replaced by Lionel Marran.
Related story:
Dialogue SA in liquidation
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