Defunct call centre group Dialogue Group Holdings expects to report a loss for the first half of the year.
The company is currently nothing more than a cash shell, as some of its business units have been sold, while others were closed down. It told shareholders yesterday that it will make a headline and earnings loss per share in the six months to June.
In a statement, Dialogue said it could not “quantify a range or percentage at this stage and will revert to shareholders with a further trading statement once more certainty exists regarding the final results”.
The company did not indicate when it expects to release its results.
In terms of JSE rules, listed entities have three months from the end of the period to report financial figures. Dialogue has until the end of this month to release its numbers.
Dialogue started the last financial year with five business units: the three call centre operations Dialogue SA, Interaction and Sibize; and stakes in ContinuitySA and CallForce.
Dialogue SA was liquidated last April, after the company could no longer stem its losses, while CallForce and ContinuitySA were sold. Call centre units Interaction and Sibize were closed after losing major contracts.
A year ago, the company reported basic earnings per share of 12.4c and headline earnings per share of 1.1c.
For the first half of the 2010 year, Dialogue reported revenue from continuing operations 4.6% lower, at R104.6 million. Its after tax loss was R7.3 million.
However, the company gained R65.7 million after disposing of Dialogue SA, leading to its positive earnings per share. It made a 2.9c loss per share from continuing operations, which strips the Dialogue profit out.
The company is expected to be delisted once it has wrapped up a few issues.
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