Listed diversified investment company, MICROmega Holdings on Monday (30 September) reported a decline in revenue for the six months ended June 2012, to R372.3 million, from R385.2 million before.<\/p>\n
The group identified a profit for the period of R25.65 million, from R29.5 million, including profit from discontinued operations \u00a0of R7.1 million.<\/p>\n
“The results for the period under review were achieved under\u00a0difficult circumstances that have now fallen away,” the group said in a statement on SENS.<\/p>\n
“Revenue was\u00a0slightly below that of the six months of the prior year however strict\u00a0comparison is not appropriate. The Deltec (Deltec Power Distributors)\u00a0business was disposed of\u00a0last year but contributed R48 million of revenue to June 2012.”<\/p>\n
MICROmega reported headline earnings per share of 26.02 cents, from 25.72 cents in 2012.<\/p>\n
Looking ahead, the group said that\u00a0profitability for the 2012 financial year was significantly\u00a0skewed in favour of the first 6 months to June 2012.<\/p>\n
“We are\u00a0presently compiling latest forecasts for the balance of the year\u00a0and, while it is premature to give specific guidance at this time,\u00a0the board is comfortable with the current performance of the group\u00a0companies,” it said.<\/p>\n
MICROmega in share buy-back<\/strong><\/a><\/p>\n MICROmega sees vast earnings growth<\/strong><\/a><\/p>\n MICROmega earnings up 87% for H1<\/strong><\/a><\/p>\n