Labat Africa`s latest full-year results will show a 60% to 80% improvement in earnings per share and headline earnings per share, says the company.
The business solutions group incurred a headline loss of 19.3c a share for the year to February 2005.
JSE-listed companies are compelled to issue trading updates once they become reasonably certain their latest results will differ by more than 20% from those of the previous comparable period.
The group is scheduled to release the financial results for the year to end-February tomorrow.
Labat`s trading statement does not detail the reasons for the improvement.
However, the group showed signs of a turnaround in the six months to August last year, achieving headline earnings of 1.7c a share and attributable income of R5.59 million.
Chairman Brian van Rooyen attributed that improvement partly to a restructuring exercise which was to be finalised early this year and leave Labat with just two core businesses - SAMES and Labat Traffic Solutions.
For the year to February 2005, Labat incurred an attributable loss of R62.95 million.
The Labat share closed at 12c on the JSE yesterday, up 1c or 9.1% from the previous close.
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