Zaptronix`s listing is to be transferred to the JSE`s alternative exchange, AltX, from the start of trade tomorrow morning.
The company`s directors say Zaptronix received JSE approval for the listing of about 379.32 million shares on AltX.
They add they believe the company and its shareholders will be better suited to AltX, based on the market`s differentiated investor profile, greater accommodation of smaller growth-orientated companies and potential cost savings.
Zaptronix has, as a result of the transfer, released an updated profit forecast for the 2006 and 2007 financial years.
For the year to August 2006, the company is projecting total turnover of R27.15 million, earnings of R2.25 million before interest and tax, and after-tax earnings of R1.43 million.
Earnings and headline earnings of 0.38c per share are expected.
For the year to August 2007, total turnover of R24.25 million is being projected, with earnings of R4.01 million before interest and tax, and after-tax earnings of R2.67 million.
The company expects earnings and headline earnings of 0.7c for that period.
Zaptronix achieved post-tax earnings of R0.18 million for the six months to February 2006 on turnover of R10.06 million.
It reported earnings per share of 0.05c and headline earnings of 0.06c a share.
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