Business Connexion lifts profit 17.3%
Technology firm Business Connexion has reported a 17.3% rise in operating profit for the year ended August 2013, to R322.6 million.
Revenue increased by 5,9% to R6.17 billion, while normalised diluted headline earnings per share of 52.6 cents, was better than 50.6 cents in 2012.
Earnings before interest, taxes, depreciation, and amortization increased by 9.5% to R560.5 million.
In line with its dividend policy, the group kept its dividend at 20 cents per share.
Key operational highlights for Business Connexion in 2013 included:
- Improved footprint in the rapidly expanding African market, including solid growth from the Group’s Nigerian operation;
- Canoa division driving market share growth in the Managed Print Solutions segment;
- Innovation division’s performance underlining the quality and growth of BCX-owned intellectual property businesses within the Group;
- Continued investment in the cloud strategy;
- Significant new client wins; and
- Growth in the retail market sector.
Looking ahead, the group said it will continue to focus on growing its footprint in Africa.
“Organic growth in Nigeria will be supported by potential niche acquisitions as the Group continues to focus on this key growth market.
“The recently created NGA Africa joint venture with NorthgateArinso has resulted in the market leading HR services and BPO business in the high growth human capital management segment,” Business Connexion said.
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