Jasco Electronics says it will turn in a profit for the six months to August instead of the loss it incurred for the same period a year ago.
Last year the group reported a headline loss of 2.8c a share, with CEO Stuart Robertson blaming the performance on the effects of a stronger rand and delays in the take-up of orders in its telecommunications division.
However, the group achieved a turnaround in the second half of the year, with all core operating divisions reporting a profit, although a comparison with the prior year`s results remained disappointing.
Jasco says it will issue a further trading statement "in due course" to confirm the extent of the turnaround.
The results are expected to be published in October.
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