Antennae manufacturer Poynting Holdings' headline loss per share will be wider than initially expected.
Two weeks ago, Poynting said the loss per share will be between 2.88c and 3.4c, while the headline loss per share is expected to range from 0.82c and 1.33c.
A year ago, the company reported headline and earnings per share of 2.55c. These earnings were off revenue of R38.6 million, and a net profit of R2.26 million, compared to 2008's half-year loss of R874 000.
Poynting says trading results for the first six months included non-cash items of R5.3 million. It did not explain what effect these items had on its results.
The firm designs, manufactures and sells antennae and telecommunication products to the cellular, wireless data and defence markets. The company operates through its three divisions: commercial, defence and base station equipment.
It expects a better second half, based on pending orders in its defence division. Its results are expected to be published next Tuesday. The numbers were initially expected yesterday.
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