{"id":26921,"date":"2012-11-20T10:42:39","date_gmt":"2012-11-20T08:42:39","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=26921"},"modified":"2012-11-20T10:47:34","modified_gmt":"2012-11-20T08:47:34","slug":"convergenet-anticipates-big-earnings-fall","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/it-services\/26921\/convergenet-anticipates-big-earnings-fall\/","title":{"rendered":"ConvergeNet anticipates big earnings fall"},"content":{"rendered":"<p>Troubled ICT infrastructure supplier ConvergeNet, on Tuesday (20 November), advised that it anticipates a 286% decline in headline earnings per share for the year ended August 2012, from HEPS of 2.70 cents in 2011.<\/p>\n<p>The group said that earnings per share will be approximately 285% worse off than EPS of 2.66 cents before.<\/p>\n<p>ConvergeNet distributes and resells an extensive range of industry products through its subsidiaries including cabling, networking, telecommunication, VoIP, servers and storage, infrastructure management and data centre products.<\/p>\n<p>For the period ended August 2011, ConvergeNet reported revenue of R1.029 billion, with an operating pro\ufb01t of R27.24 million.<\/p>\n<p><strong>Related article<\/strong><\/p>\n<p><a title=\"ConvergeNet anticipates further losses\" href=\"http:\/\/businesstech.co.za\/news\/general\/25714\/convergenet-anticipates-further-lossses\/\"><strong>ConvergeNet anticipates further losses<\/strong><\/a><\/p>\n<p><a title=\"ConvergeNet to offload Future Cell stake\" href=\"http:\/\/businesstech.co.za\/news\/general\/21759\/convergenet-to-offload-future-cell-stake\/\"><strong>ConvergeNet to offload Future Cell stake<\/strong><\/a><\/p>\n<p><strong><a title=\"ConvergeNet suffers H1 operating loss\" href=\"http:\/\/businesstech.co.za\/news\/it-services\/11182\/convergenet-suffers-h1-operating-loss\/\">ConvergeNet suffers H1 operating loss<\/a><\/strong><\/p>\n<p><strong><a title=\"ConvergeNet chair reassures investors\" href=\"http:\/\/businesstech.co.za\/news\/it-services\/6570\/convergenet-chair-reassures-investors\/\">ConvergeNet chair reassures investors<\/a><\/strong><\/p>\n<p><strong><a title=\"ConvergeNet loses another director\" href=\"http:\/\/businesstech.co.za\/news\/it-services\/9392\/convergenet-loses-another-director\/\">ConvergeNet loses another director<\/a><\/strong><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ConvergeNet anticipates a 286% decline in headline earnings per share for the year ended August 2012, from HEPS of 2.70 cents in 2011.<\/p>\n","protected":false},"author":10,"featured_media":6589,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[25,1670,767,1707],"class_list":["post-26921","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-it-services","tag-active","tag-convergenet","tag-ict","tag-voip"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/26921","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=26921"}],"version-history":[{"count":4,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/26921\/revisions"}],"predecessor-version":[{"id":26924,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/26921\/revisions\/26924"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/6589"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=26921"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=26921"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=26921"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}