Paracon Holdings expects to reverse its earnings gains from last year when it reports its year-end results next month.
The listed specialist recruitment company says headline earnings per share and earnings per share should drop by between 8% and 13%, compared to the last financial year.
Last year, the company reported a revenue gain of 25%, to R792 million. Headline earnings per share improved 52%, to 17.6c, and earnings per share jumped 55%, to 17.9c a share.
Paracon's financial results are expected to be released on 16 November.
The group is an ICT resource and talent management business. It also offers complementary services where they strategically support core business.
Services provided by its subsidiaries include resourcing, permanent recruitment services, project management, professional services, networking and solutions.
Yesterday, the company's share closed at R1.74 and in early morning trade today was down 8.05%, to R1.60.
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