Companies only need to issue a profit warning if they expect net profits to decline by at least 25%. As far as I know there is also no timeline by which the profit warning has to be issued.
In the past, I have also known a couple of companies fail to issue the requisite profit warning and no sanctions were imposed by CMA or the NSE. I have also seen one company issue a profit warning shortly before results were released.
I would expect Safricom to behave better than the above. So at worst, I expect Safricom's results not to be lower by more than 25% vis-avis 2010. I actually anticipate slightly negative to flat results. Flat results for SCOM however would be absolutely commendable!
Barrywhite wrote:
Possibly negative results? Would it be fair to say if the results were negative, there should have been a profit warning by now? What are the conditions necessary for issuance of a profit warning?