Jasco boosted by Spescom, restructure

Listed technology group, Jasco, on Monday (February 6, 2012) pointed to the benefits of restructuring along with the integration of Spescom for a 55% rise in H1 group revenue.

The group reported headline earnings per share of 6.9 cents for the six months ended December 2011, from 3.5 cents previously.

Revenue climbed to R493.9 million, while operating profit increased 30% to R20.6 million, on the back of an improvement in th the group’s largest contributor, the ICT Solutions vertical.

Revenue for this segment grew 50% to R286.9 million. The group highlighted extensions to contracts for its fixed-line customers.

Jasco said that M-TEC’s telecommunications arm recorded a ‘pleasing’ improvement.

“I am very pleased with these results. Its clearly down to the successful integration of Jasco and Spescom,” said CEO Pete da Silva at a presentation at the JSE in Sandton, before stressing the need to diversify.

“We are primarily an ICT group. We’ve got diversify in terms of our products and services,” he said alluding to opportunities in its energy solutions and power optimisation arms.”

Looking ahead, Da Silva said Jasco would concentrate on its co-location and data centre operations within its carrier business, with an aim to attract new customers while the same focus would apply for M-TEC Telecommunications.

The CEO added that Jasco would also target growth for its VOIP business.

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Jasco boosted by Spescom, restructure