Poynting expects profit turnaround
POY
Posted Fri, 03 Feb 2012
Shareholders are advised that Poynting is currently finalising its results for the six months ended 31 December 2011 and expects its earnings per share and headline earnings per share for the six months ended 31 December 2011 to improve to at least a profit of 1.42 cents per share compared to the previous corresponding period's loss per share and headline loss per share of 3.15 cents and 1.85 cents respectively.
The range, within 20%, by which the earnings per share and headline earnings per share will increase cannot be determined with a reasonable degree of certainty at this stage. Further information, as required in terms of the JSE Listings Requirements, will be provided to shareholders as soon as there is a greater degree of certainty. Poynting's unaudited interim financial results for the six months ended 31 December 2011 are expected to be released on SENS on or about 29 February 2012.
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