Vox Telecom's earnings and headline earnings per share are expected to be significantly higher when it reports its year-end results later this month.
The company says earnings per share should be between 40% and 50% higher than the 3.78c it reported last year, in the year to August. Headline earnings per share will be between 60% and 70% higher than last year's 4.04c.
Last year, earnings per share lost 51% and headline earnings per share were down 47%, both as the result of once-off costs relating the Dealstream issue.
Dealstream was a Johannesburg-based derivatives trading company that offered investors the opportunity of trading in single-stock futures and contracts for difference through its Web-based platform.
However, the company has since been placed in liquidation after allegations of fraud emerged. Several local companies lost money in the failed investments. Vox last year reported an exceptional loss of R61 million because of the Dealstream events.
Vox is expected to report its results on 26 November. The telecommunications company trades through brands such as Vox Telecom, DataPro, @lantic, @lantic Exchange, Orion Telecom and Vox Telepreneur.
Vox has offices in Johannesburg, Durban, Cape Town and Pretoria, as well as in Windhoek, Namibia.
Its shares on the JSE's Alternative Exchange were 7.69% higher this morning, trading at 42c after opening at 39c.
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