Jasco Electronics has republished its audited results for the year ended 30 June 2018, and retracted a previous dividend of 1cps declared.
Jasco Electronics voluntarily suspended trading in its shares on the JSE yesterday and withdrew its latest set of financial results.
The portal provides channel partners and resellers with a self-service platform on which they can access product and marketing information.
The company is targeting international telcos and service providers.
Tough economic conditions weighed on the JSE-listed group's financial results, with the second half of the year seeing a particularly sharp downturn.
The group decides not to appeal the Competition Commission's decision to prohibit the planned merger.
The Competition Commission prohibits Jasco's acquisition of Cross Fire Management, saying it could result in the removal of a potential disruptor in the market.
In spite of the difficult economic conditions in SA and the volatile exchange rate, the company is pleased with its first half performance.
Paul Fick will be directly responsible for establishing Jasco in the Middle East and Northern Africa region.
As earnings swung from a loss of R83m to a profit of R14m, the board declared a dividend for the first time in four years.
Sir John Alfred Sherry, founder and independent non-executive director of Jasco, retires after working for the firm for four decades.
The company saw a 783% rise in interim HEPS despite difficult economic conditions, but warns there will likely be "tightening of growth in 2016".