Interconnective Solutions (Isolution) has issued a trading update and has simultaneously announced it is in talks with a black economic empowerment (BEE) investor.
Isolution has not provided details on the nature of the talks, but has issued a related cautionary notice.
At the same time, the company says earnings per share for the year to June are expected to be between 0.8c and 0.95c, while headline earnings should be between 1.1c and 1.25c a share.
The full results are to be published before the end of the month, it says in the trading update issued shortly before the market closed on Friday.
Isolution focuses mainly on the fast-moving consumer goods markets, operating in the areas of data collection, collation and management, providing proprietary software, hardware and electronic services.
The group suffered a setback in the 2004 financial year, incurring a net loss of R1.35 million. This was after achieving profitability the previous year.
However, it fared better in the first half of the 2005 financial year, reporting a retained profit of R534 000 for the six months to December 2004.
CEO Mark Smith said at the release of the interim results in February that the repackaged infotainment portfolio had shown a positive response, particularly with the introduction of fulfilment, which had created a promising revenue stream.
The group was also looking at adding least-cost routing and voice over Internet Protocol to its offerings.
The Isolution share closed unchanged at 11c on the JSE on Friday.
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