About
Subscribe

ISA issues update

By Iain Scott, ITWeb group consulting editor
Johannesburg, 23 Aug 2005

ISA Holdings, formerly Y3K Group, says it expects to report a 50% to 70% increase in earnings per share for the six months to end-August.

For the six months to 31 August 2004, the group achieved earnings of 1.2c a share, which means that it now expects to report earnings of between 1.8c and 2.04c a share.

Headline earnings per share are expected to be 30% to 50% higher than the 1.8c of the same period a year before, indicating a range of between 2.34c and 2.7c a share.

The group says in an update to shareholders that headline earnings before secondary tax on companies is likely to be 45% to 65% up on those of the year-earlier period.

The latest figures are due to be published on 19 September.

ISA, which reverse listed into Y3K earlier this year, said this month that it was in talks that could see 30% of its equity being sold for cash to a black economic empowerment partner.

Related stories:
Former Y3K in BEE talks
ISA rises on AltX listing
Y3K`s profit soars

Share