Adapt IT forecasts earnings growth

JSE-listed Adapt IT expects headline earnings per share for the year ended June 2013, to increase by between 23% and 33%, from 17.45 cents in 2012.

Its earnings per share is expected to increase by between 22% and 32%, from 17.46 cents before.

In 2012, the group reported revenue of R224.8 million, while operating profit increased to R22.2 million.

Adapt IT announced the declaration of its 10th dividend of 4.84 cents per share, 70% higher than dividend declared in 2011.

The group serves customers in 19 countries in the manufacturing, mining, higher education and financial services sectors.

With offices in South Africa, Ireland and New Zealand, it comprises over 270 employees reporting into operating divisions each with specific areas of focus.

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Adapt IT forecasts earnings growth