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Digicore final results June 2015
Revenue for the year dropped 4% to R858.5 million (R891.9 million). Gross profit rose 5% to R592.4 million (R566.8 million). Operating profit before financing activities shot up to R92.8 million (R16.3 million). Profit attributable to owners jumped to R87.7 million (R7.0 million). In addition, headline earnings per share multiplied to 21.24cps (5.23cps).
Dividend declaration
No final dividend will be declared and paid to the shareholders. The board agreed to retain cash for future growth (30 June 2014: nil).
Outlook
After optimising its business in the 2014 financial year and stepping up sales resources and skills over the financial year, Digicore is on track and continue with its growth phase.
Systems, controls and strategies to manage stock, debtors and cash flow more effectively are in place, allowing the management team to focus externally on relationships, sales and marketing and to identify new opportunities for growth.
With the imminent take over by Novatel, the company is excited about the new opportunities that await it, growing its global footprint and enhancing its product offering ensuring that it supply a superior end-to-end solution to its clients. The last date to trade was Friday, 25 September 2015 and the termination of listing of the DigiCore shares from the JSE shall take place at the commencement of trade on Tuesday, 6 October 2015.
With the delisting of the DigiCore shares from the JSE’s main board, these results will be the last set presented to the public.
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| Closing price data source: JSE Ltd. All other statistics calculated by ProfileData. |
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