Metrofile Holdings is expected to report a headline profit for the year to 30 June, although this is mainly because of one-off items that are not going to be repeated in the next financial year.
The group says in a trading update that it expects headline earnings of about 21.4c a share and earnings of 21.9c a share for the period.
This compares with a headline loss of 132.3c a share and a basic loss of 129.8c a share for the previous financial year.
However, the group says 23.8c of the expected headline earnings per share come from one-off items such as the reversal of provisions, and these are not to be repeated.
Metrofile, a document management specialist, announced last week that its share was moving from the JSE`s "IT - Software and Computer Services - Software" sector to the "Support Services - Business Support Services" sector.
For the six months to December, Metrofile`s revenue amounted to R117.3 million, 60% lower than that of the same period a year earlier, although operating income before depreciation and goodwill amortisation rose by 37.5% to R30.76 million.
The group incurred an interim pre-tax loss of R3.77 million and an attributable loss of R4.06 million. These figures compared with year-earlier losses of R56.92 million and R64.86 million respectively.
Share
