In the six months ended 30 June 2009 revenue of R472.7 million compares to R387.1 million in the corresponding period last year. Growth in revenue is supported by good progress on large value projects and increased sales volume of aftermarket products and services. Group operating profit from operations of R68.2 million is reported for the period to 30 June 2009, against R46.6 million reported for the six months to June last year. Higher revenue volumes, and improved margins on several key contracts, assisted in generating the improved operating profit. Earnings per share of 74.32c compare with 43.90c last year. A net cash position of R47.2 million compares with R17.6 million reported at the end of December 2008. Cash generated from operations of R73.3 million compares to R33.9 million generated in the period to 30 June 2008.
Dividends
The directors have resolved to declare an interim dividend of 12cps.
Outlook
Order book levels have continued to grow over the first half of this year and include orders for delivery in subsequent years through to 2013. The intake of orders for new equipment, however, has slowed as customers' expenditure decisions are deferred. The outlook for the remainder of this year will be underpinned by the strong order book existing at end June 2009.
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 has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
