JSE-listed Synergy Holdings has indicated its bottom line is healthier than previously reported.
In a statement to shareholders on Monday, the company restated its financial results for the year ended February 2006. Its headline loss per share has been restated as 1.23c. In June, the company reported a headline loss of 4.01c a share for the year to February. This compares with a 0.34c earning the previous year.
An attributable loss of 1.34c a share, as reported in June, has been restated as 1.15c, which compares with earnings of 0.37c per share previously.
The company said this was as a result of "historic accounting and company secretarial matters". SDT Financial Software Solutions' R50 million reverse takeover of Synergy Holdings was being delayed because of these factors.
Currently a cash shell, Synergy will enable SDT to list on the JSE.
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