{"id":27369,"date":"2012-11-27T12:54:19","date_gmt":"2012-11-27T10:54:19","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=27369"},"modified":"2012-11-27T12:56:53","modified_gmt":"2012-11-27T10:56:53","slug":"muvoni-points-to-turnaround","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/trending\/27369\/muvoni-points-to-turnaround\/","title":{"rendered":"Muvoni points to turnaround"},"content":{"rendered":"<p>Listed group\u00a0<a title=\"Muvoni Technology\" href=\"http:\/\/businesstech.co.za\/forum\/showthread.php\/5390-Muvoni-Technology\">Muvoni Technology<\/a>, advised in a trading statement on Tuesday (27 November), that it expects its\u00a0headline\u00a0earnings and diluted headline earnings per share to be\u00a0approximately 0.18 cents per share for the year ended August 2012.<\/p>\n<p>This compares to a headline loss and diluted\u00a0headline loss of 0.24 cents per share for the prior\u00a0comparative\u00a0period in 2011.<\/p>\n<p>The group also noted that the basic and diluted basic\u00a0earnings per share will be approximately 2.17cents per share\u00a0compared to a basic and diluted basic loss of 0.47 cents<br \/>\nper share in 2011.<\/p>\n<p>&#8220;The directors believe that a solid foundation has been laid\u00a0for long-term sustainable growth and remain confident of\u00a0the company&#8217;s growth prospects,&#8221; Muvoni said in a statement.<\/p>\n<p>In October, Muvoni,\u00a0through its subsidiary, Ideco AFISwitch, entered into an agreement with ZNG Technologies to purchase the intellectual property relating to software developed by the latter firm, for R6.5 million.<\/p>\n<p>The group expects to publish its results before 14 December, 2012.<\/p>\n<p><strong>Related article<\/strong><\/p>\n<p><a title=\"Muvoni acquires criminal checking software\" href=\"http:\/\/businesstech.co.za\/news\/government\/24099\/muvoni-acquires-criminal-checking-software\/\"><strong>Muvoni acquires criminal checking software<\/strong><\/a><\/p>\n<p><a title=\"Hawks probing SAPS ICT division\" href=\"http:\/\/businesstech.co.za\/news\/government\/12048\/hawks-probing-saps-ict-division\/\"><strong>Hawks probing SAPS ICT division<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Muvoni anticipates a turnaround in its earnings for the full-year ended August 2012.<\/p>\n","protected":false},"author":10,"featured_media":17568,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31,1],"tags":[25,945,4705],"class_list":["post-27369","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-it-services","category-trending","tag-active","tag-it","tag-muvoni"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/27369","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=27369"}],"version-history":[{"count":5,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/27369\/revisions"}],"predecessor-version":[{"id":27376,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/27369\/revisions\/27376"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/17568"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=27369"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=27369"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=27369"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}