ConvergeNet Holdings has issued a trading statement, warning shareholders that it will probably increase its loss per share by about 20% for the 12 months ended 31 August 2013 compared to last year.

A decrease in the basic and headline earnings per share for the year of at least 20% compared to the basic and headline earnings per share for the prior period ended 31 August 2012 is expected to be reported in respect of the company’s discontinuing operations.

A further announcement will be released once the board of directors has reasonable certainty as to the range of the expected financial results.