Monitoring and surveillance company, Zaptronix has been suspended by the JSE for not submitting its results within the three-month stipulated time period.
Its share last traded at 1c before its suspension yesterday. In a note to Zaptronix shareholders, the bourse says its stock was suspended with immediate effect because it failed to meet listing requirements.
The company has not published its annual results for the year to August. In 2011, it received a warning from the JSE as it was also late with its final results.
Zaptronix provides solutions such as video surveillance, access control, central monitoring and systems management. Last month, the JSE warned that it had failed to publish results and marked its listing to warn traders.
The suspended company last published results in May, when it reported its half-year figures for the six months to February. Listed entities have three months from the end of the period in which to report.
It last reported revenue of R14.1 million and a net loss of R2.845 million. The loss was due to the cost of downsizing the group rolling into the first quarter of the current financial year. The first quarter of 2012 accounted for 70% of the reported loss.
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