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Elexir`s earnings fall

By Iain Scott, ITWeb group consulting editor
Johannesburg, 25 May 2004

Elexir Technology Holdings` latest interim earnings are expected to be substantially lower than those of the previous interim period.

The group has told its shareholders that earnings and headline earnings for the six months to 28 February are likely to be more than 30% lower.

Among other things, Elexir supplies and installs turnkey systems, provides support for the systems and supplies computer systems on an outsource basis.

Elexir achieved a turnaround in the year to August 2002, reporting positive full-year headline earnings per share (HEPS) for the first time since 1998, the year of its listing.

For the six months to February last year, the company reported HEPS of 0.18c compared with 0.44c a year before, while net profit dipped from R0.63 million to R0.26 million.

The Elexir share closed untraded at 3c on the JSE yesterday. The results are expected to be published on 31 May.

The company has also said it is in talks that, if concluded, could affect its share price.

Related stories:
Elexir 'not yet out of the woods`
Elexir turns in an interim profit

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