Diversified digital technology group Etion warned on Monday its loss had widened in its year to end-March as customers cut back on spending due to Covid-19.
The group expects a headline loss of 0.8c-1.1c, from the prior period’s loss of 0.53c, citing a subdued economic environment, which hit customer project spending. The group also warned in its trading update that it will write down some of its businesses due to a decline in performance, but did not go into details.At 1pm on Monday Etion’s share was unchanged at 10c, having halved so far in 2020. The group has a market capitalisation of R56m.
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