Monday, 28 March 2011 10:09
Written by Patricia Pieterse
At Home
Foneworx Holdings’ earnings were flat in the first half of the year, because of the negative impact of the 2010 Soccer World Cup on sales at two of its subsidiaries. For the six months to December, revenue improved marginally by 0.9%, to R46.2 million, and gross profit dropped 5.6%, from R28.8 million to R27.2 million. Foneworx says the drop is due to higher sales costs at MediaWorx. - ITWeb