Revenue grew by 4.8% to R873 million (R833 million). Operating profit increased by 9.2% to R37.7 million (R34.6 million). During the reporting period there was a net positive cashflow of R11.4 million. The cashflow from operating activities was R18.9 million. Income on a new investment amounted to R14.6 million. Headline earnings per share increased by 18.2% to 18.5cps (15.6cps) while earnings per share increased by 21.3% to 19.4cps (16.0cps).
Dividends
A dividend of 7cps, unchanged from last year, has been declared.
Prospects
The group has now been restructured, and BEE structures implemented. This should enable the group to grow more aggressively, both organically and through acquisitions and mergers. The group is now able to use its listing in order to achieve the abovementioned objectives. In the New Year, two of the Inmins operations will be moved to new premises, which should improve efficiencies and profitability. This will also allow for expansion in both operations. Inmins is also well positioned to take advantage of the growth in the platinum industry. New agreements have been reached with certain overseas suppliers, which should increase the profitability of certain Inmins operations. Inmins is continually reviewing its supply chain in order to improve and increase its product base. Continued attention to the manufacturing models of Gundle, and the elimination of bottlenecks should ensure that the turnaround achieved continues. The investment in Novara should bear fruit, as the manufacturing facilities are to be commissioned as from December 2006. This business will be established in the market during the first year, and market share will be developed and grown. During the next few years, this operation will be expanded further and should be a worthwhile profit contributor to the group. The board is positive that all the actions taken will benefit the group in the future.
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 has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
