Highlights
 |
in headline earnings
per share of 17% after excluding a
once off income
receipt in the
comparative year* |
|
 |
in headline earnings
per share of 1% after including a
once off income
receipt in the
comparative year* |
|
 |
in revenue to
R19 billion |
|
 |
in gross profit to
R1,3 billion |
|
|
in EBITDA to
R714 million |
|
|
Dividend declared to
25 cents
per share |
|
*Once off income receipt amounted to R79,4 million |
|
Commentary
FINANCIAL REVIEW
The comparative year included a once off income receipt of R79,4 million. On exclusion of this income, headline earnings per share increased by 17% to 64,17 cents. This growth
was achieved through an increase in gross profit margins from 6,45% to 6,70% on revenue of R19 billion, overhead escalation contained at 3% and the effect of the reduction in
issued shares resulting from the repurchase of Microsoft’s 12% shareholding in December 2011.
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Notice
The information contained in this document has not been verified
independently. No representation or warranty express or implied is
made as to and no reliance should be placed on the fairness, accuracy,
completeness or correctness of the information or opinions contained
herein. Opinions and forward looking statements expressed represent
those of the Company at the time. Undue reliance should not be placed
on such statements and opinions because by nature, they are subjective
to known and unknown risk...
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