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Square One expects earnings leap

Nicola Mawson
By Nicola Mawson, Contributing journalist
Johannesburg, 28 Sept 2006

JSE-listed Square One Solutions expects earnings to leap in its next interim results.

The company told shareholders yesterday that it foresaw a 230% to 250% improvement in earnings per share and a 90% to 110% improvement in headline earnings per share for the six months ended 30 June.

In its previous interim results, it reported earnings per share of 2.8c and headline earnings per share of 4.9c.

Its results are expected to be published around 30 September, it said.

The company's shares closed 5c off yesterday, having closed at R1.15 on Tuesday. The previous eight days showed no shares changing hands, and only 8 300 shares were traded yesterday.

The JSE requires that companies publish trading updates as soon as they are reasonably certain that results will differ by more than 20% compared to the previous period.

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Square One buys NETIntellect

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