Zaptronix says it is on track to meet a forecast R2.33 million earnings for the period to 31 August following the acquisition of DuO Solutions Provider.
The group has sent its shareholders a circular relating to the acquisition and calling them to a general meeting to be held on 5 September.
The circular contains specifics on DuO - a company operating in the supply chain, logistics and fleet management and vehicle monitoring markets - as well as details on the consolidation of existing shareholdings.
The share consolidation is scheduled to take place on 19 September. Zaptronix announced previously that it is consolidating its shares on a 1:2 basis, resulting in a reduction of the issued share capital from 144.8 million shares to 72.4 million shares.
Zaptronix forecasts revenue of R23.08 million for the period to end-August, and earnings of R2.91 million before interest and tax.
The forecasts incorporate the results of Zaptronix for 16 months and the results of DuO for 12 months.
The group reported in August that it had achieved a R37 000 after-tax profit for the year to 30 April, on revenue of R2.1 million.
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