SecureData sees further earnings pain
JSE-listed information risk management group, SecureData has advised that it expects a loss per share and the headline loss per share of between 17.1 and 17.4 cents respectively for the year ended July 2012, compared to a loss and headline loss per share of 1.7 cents before.
“The 2012 results largely reflect the group’s position before extensive restructuring which began in the second half of the financial year, including management changes at SecureData Africa and the sale of SecureData Europe,” it said in a statement on Monday (8 October).
In SecureData Africa, the group said its focus is on revenue generation through the building of strong partner and vendor relationships whilst at the same time containing costs.
“The restructuring, which is nearly complete, is designed to return the division to profitability in the current financial year,” it said.
SensePost continued to contribute to group profits, SecureData said.
In July, the group announced the appointment of Miles Crisp as chief executive of the company.
Crisp took up the position on 1 August, while interim CEO, Johan du Toit continued to work as SecureData’s financial director.
SecureData expects to publish its results on about 24 October 2012 wherein further information will be provided.
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