Software developer Synergy Holdings has told its shareholders to expect a better set of full-year results.
The group says that in the results for the year to 29 February, headline earnings, cash flow and net asset value per share will be materially higher than those of the previous year.
In terms of JSE definitions, this refers to an increase of between 10% and 30%.
Synergy achieved headline earnings of 2.34c a share for the year to 28 February 2003, up from 0.81c the previous year.
Its latest interim results, for the six months to August 2003, showed headline earnings of 1.7c a share, compared with 1.17c for the same period a year earlier.
This was on gross revenue of R11.79 million, which compared with a prior-year R10.14 million.
Synergy has advised its shareholders to exercise caution in dealing in the company's shares until the audited results are published. This is expected to be tomorrow.
The Synergy share closed untraded at 13c on the JSE yesterday. The stock is listed on the Development Capital Market.
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