Investment holding company Simeka says earnings will drop in the six months to November.
Simeka says headline earnings will be between 40% and 50% lower, which will knock headline earnings per share by the same percentage.
Last year, the company reported headline earnings of R42.6 million, while headline earnings per share were 8.8c.
Simeka also expects earnings per share to be between 55% and 65% lower. Last year, earnings per share were also 8.8c.
The company did not give any reasons for the drastic drop in earnings.
JSE rules require listed groups to notify shareholders as soon as earnings will differ by 20% from the previous corresponding period.
Simeka expects the results to be published on 10 November.
The empowered group is involved in outsourcing, business support services and technology. It has been listed on the JSE's Alternative Exchange since 2004 and has a presence in SA, Africa, the Middle East and the UK.
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