IT resourcing and solutions provider Paracon says its latest interim results will be better than those of last year.
The group has published a trading update telling shareholders that its headline earnings per share for the six months to end-March will be 10% to 30% higher than those of the year-earlier period.
However, the improvement comes off a low base. The JSE-listed group`s headline earnings per share fell to 2.1c in the period to March 2003, compared with 5.2c a year before.
Headline earnings of 4.2c a share for the 12 months to 30 September last year were 57% down on the previous year.
Financial director Mireille Levenstein described the year as the group`s most challenging period since listing on the JSE in 1999.
She said at the release of the results in November that the figures were affected by several one-off costs and that the results for the current financial year would show an improvement.
The group says the interim results, which have not yet been reviewed or reported on by its auditors, will be released on or about 14 May.
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