Gijima still mired in red
Listed ICT services group Gijima says it expects headline earnings per share for the six months ended December 2012, to reduce to a loss of between 10.30 and 10.90 cents from HEPS of 3.11 cents in 2011.
Gijima concluded the disposal of its mining technology and consulting businesses (MineRP) in November 2012.
It said that the results of MineRP up to the date of its disposal, including the once-off impact of its disposal, are classified as discontinued operations in its pending results.
Discontinued operations are expected to contribute a loss of between 0.85 cents and 1.15 cents to the expected HEPS, it said.
Gijima’s reported basic earnings per share for the six month period in 2012 are expected to reduce to a loss of between 2.25 cents and 2.85 cents from reported basic EPS of 3.10 cents in 2011.
Discontinued operations, as a consequence of the once-off impact of the disposal of MineRP, are expected to contribute a profit of between 8.40 and 8.70 cents to the EPS loss, Gijima said.
In final results ending June 2012, Gijima reported a decline in revenue to R2.5 billion (R2.6 billion).
Ebitda amounted to a loss of R517,000, from a prior loss of R211.8 million, and an operating loss of R49.1 million, from a loss of R258.2 million before.
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