JSE-listed Zaptronix has reported a net pretax profit of R0.26 million for the six months to end-February 2006.
This is a 420% increase over the previously reported interim period, which was the six-month period to 31 October 2004. The most recently reported results were for the 16 months to August 2005.
As the October figures do not account for the subsequent acquisition of DuO Solutions provider, the results are not strictly comparable.
The DuO acquisition is essentially a reverse takeover of the group.
CEO Jan Nel says turnover of R10.06 million for the latest interim period is on a par with the turnover for the equivalent six-month period of the 16 months to August, which was R10.61 million.
The company achieved an operating profit of R1.12 million and post-tax earnings of R0.18 million.
This translates into earnings per share of 0.05c and headline earnings of 0.06c a share.
The company had a net asset value of 1.88c per share at the end of the period, compared with 1.75c at the end of August, and a net tangible asset value of 0.53c per share, compared with 0.55c previously.
The Zaptronix share was trading unchanged at 14c this morning.
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