The group has achieved a 10.7% increase in revenue to R3.6 billion (R3.2 billion) due to a good second half. The group has been able to grow EBITDA by 1.9% to R218.5 million (R214.4 million), but due to higher depreciation and amortisation, operating profit reduced from R143.8 million in the previous financial year to R108.5 million. Nevertheless a marginal increase in net profit attributable to equity holders was managed, increasing to R136.9 million, from R116.4 million previously. Headline earnings of 39.8cps, showed some improvement in the second half of the financial year, but were 12.7% lower than the 45.6cps of the previous financial year.
Dividends
A normal dividend of15 cps has been declared for the year-ended 31 May 2007.
Prospects
The new year will be focused on growing revenue, improving gross margins and realising cost savings. The demand for infrastructure management and hosting space in the data centres is significant. This demand will see the new data centres reaching their optimal capacity by March 2008 and therefore a further R45 million in investment has been committed. Returns on the original investment will begin to be realised in the 2008 financial year. Further growth in the rest of Africa is expected and in South Africa itself, increased ICT spending is anticipated.
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
