AST Group says its headline loss per share for the year to 30 June is expected to show a "substantial improvement" over the previous year.
This is assuming a like-for-like comparison, taking into account the 10-to-one share consolidation that took place in November last year, it says in a shareholder update.
According to JSE definitions, a "substantial" change in figures refers to a difference of at least 30%.
At the same time, AST says it is involved in "various discussions" that could affect its share price, and has warned shareholders to be cautious in their share dealings until further announcements are made.
There has been speculation for some time that AST is ripe for a takeover. At the end of last year, arivia.kom decided not to make an offer after completing a due diligence exercise.
AST CEO John Miller said at the time that the approach by arivia.kom, first announced in September last year, was not solicited and there had been no decision by the AST board to put the group on the market.
AST has, since 2002, been implementing a business improvement programme aimed at turning the company around.
Among other things, it has shed non-core operations and restructured into a single business entity.
The benefits of the programme started coming through in the six months to December last year, when AST achieved positive earnings before interest, tax, depreciation and amortisation, versus a loss for the same period a year before.
The group`s full-year results are expected to be published on 17 September.
AST`s share closed at 59c on the JSE yesterday, up 4c or 7.3%.
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