Alt-X listed FoneWorx Holdings (FWX) said on Thursday (March 1, 2012) that two company directors have resigned with immediate effect.<\/p>\n
\u201cThe board of directors of FoneWorx hereby notifies its shareholders that Mr Robert Russell, a director of FoneWorx, and Mr Dean Zwarts, a director of FoneWorx Proprietary Limited, have resigned with effect from March 1, 2012.\u201d<\/p>\n
On Wednesday, FoneWorx Holdings announced a 14% rise in revenue to R52.5 million, for the six months ended December 2011 \u2013 while gross profit increased from R27.2 million to R31.8 million, a 17% increase from 2010.<\/p>\n
FoneWorx subsidiaries provide interactive telecommunications, switching and business services.<\/p>\n
The group reported headline earnings per share of 7.84 cents, from 7.29 cents, before.
\nGroup operating expenditure decreased by 4% from R5.8 million, to R5.5 million, and staff costs increased from R7.5 million, to R9.9 million \u2013 a 33% increase.<\/p>\n
The group attributed the rise to an increase in the average cost per head, as well as other staff-related costs, including the provision for staff bonuses \u2013 for which provision was not applicable in the previous corresponding period.<\/p>\n","protected":false},"excerpt":{"rendered":"
Alt-X listed FoneWorx Holdings (FWX) have announced that two company directors have resigned with immediate effect.<\/p>\n","protected":false},"author":10,"featured_media":6946,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21],"tags":[25,1807],"class_list":["post-7076","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-telecommunications","tag-active","tag-foneworx"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/7076","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=7076"}],"version-history":[{"count":3,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/7076\/revisions"}],"predecessor-version":[{"id":104593,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/7076\/revisions\/104593"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/6946"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=7076"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=7076"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=7076"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}