Jasco: Earnings a share to halve

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Jasco’s earnings a share for the six months to December were expected to decline by between 47 percent and 57 percent from 10.1c recorded in the same period a year earlier, it said on Friday. The lower earnings reflected the impact of once-off items that were incorporated during the year-earlier period. These items included the profit from the sale of a Midrand property. Headline earnings a share for the period under review were expected to rise by up to 10 percent more than the 5c achieved in the six months to December 2012. The firm offers converged solutions to the information technology, telecoms and energy sectors in the Southern African Development Community region. Shares were unchanged at 79c.

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