Set Point Technology Holdings (Sethold) has reported an attributable profit of R4.8 million for the six months to end-February.
This is 11.7% down on the R5.44 million profit the group achieved in the same period a year before.
Chairman Bryan Kent says the instrumentation division's performance during the six months was disappointing, although the analytical services and fluid handling divisions performed well.
He says corrective action has been taken at the instrumentation division, which imports and supplies specialised technological equipment to a range of industries.
The group's revenue increased from R100.65 million to R120.81 million. Pretax profit of R5.7 million compares with a year-earlier profit of R5.44 million.
Kent says the fall in headline earnings per share from 3.1c to 2.5c was because of a larger number of shares in issue.
"The group expects the current level of trading to continue in the second half of the financial year," he says.
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