JSE-listed Faritec is expecting to report a profit when it releases its latest interims, a turnaround from the R1.2 million loss for the six months to December 2003.
The interim profit also follows a full-year loss for the 12 months to June 2004.
The company, a mid-range technology infrastructure and services provider, says there has been a significant improvement in headline and basic earnings per share, as well as cash on hand.
"Management attributes this to improved trading margins and ongoing control of operating expenses," Faritec says in a trading update.
"The transformation of the Faritec business is proceeding well, according to plan."
For the year to June, revenue rose by 16.8% from R282.48 million to R329.98 million, but expenses rose because of a 30% increase in staff numbers, with about 90% of new staff being placed in sales, marketing and managed services.
CEO Simon Tomlinson said at the time those results were released that the expected revenues from that had taken longer than expected to come through. Operating margins had also been affected by adverse trading conditions.
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