Poynting expects to report a loss per share and a headline loss per share of between 0,9 and 1,1 cents for the six months ended 31 December 2008.
According to a statement, the main reason for the decrease in earnings is that the company has not achieved its anticipated sales targets.
Export sales have been impacted by the global crisis and local corporate sales are down largely due to new developments in the telecoms field which are causing technological uncertainty and as a result are delaying orders by various large customers.
The company listed on the AltX in July 2008. At that time, it reported revenue for year ended 30 June 2008 of R56-million, up 27,57% from 2007, as well as a profit after tax of R5,82-million.
At its listing, the company raised R20-million for the expansion of its business operations. In December it bought the division of Saab Grintek Defence that develops, manufactures and sells antennas and radio frequency distribution equipment for commercial and telecommunication applications.