JSE-listed IT security company SecureData says both headline and earnings per share will improve when it reports its interim results next month.
In a statement issued to shareholders yesterday, it said earnings per share and headline earnings per share are expected to be between 3.76c and 3.97c in the six months to January.
In the first half of the last financial year, it reported earnings per share and headline earnings per share of 1.1c for the first half of the year.
Adjusted earnings per share, which are earnings stripping out amortisation and foreign exchange losses, should be between 1.67c and 2.18c, compared with 2.55c in the first half of last year.
SecureData made R2 million profit in the first half of last year, from revenue of R199 million.
However, by its July year-end, it had reversed its profitable position, reporting a net loss of R3.923 million, compared with a R17 million profit in the previous full-year. Revenue declined from R458.9 million to R406.6 million, because of weak performance from SecureData Africa.
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