Metrofile Holdings, formerly MGX Holdings, expects to report a headline loss of 10.7c a share for the six months to December.
For the same period in 2003, the group incurred a headline loss of 73.2c a share.
However, Metrofile says in a trading update that the prior-year results are not strictly comparable since they include the results of operations subsequently sold.
But the market has welcomed the improvement, with the Metrofile share rising by 6c or 16.7% to close at 42c on Friday.
This morning the share was trading at 44c.
MGX Holdings changed its name after an extensive restructuring exercise that saw the group dispose of all its operating assets except Metrofile.
The group began the exercise after admitting in November 2003 that it had almost collapsed under a high debt burden, deteriorating trading performance and legal disputes.
Metrofile says its latest interim results are to include consolidated earnings of R29.9 million before interest, tax, depreciation and amortisation.
A basic loss per share of 10.7c is expected.
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