{"id":10405,"date":"2012-04-19T18:07:42","date_gmt":"2012-04-19T16:07:42","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=10405"},"modified":"2012-05-03T11:35:37","modified_gmt":"2012-05-03T09:35:37","slug":"securedata-h1-results-dissapoint","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/it-services\/10405\/securedata-h1-results-dissapoint\/","title":{"rendered":"SecureData H1 results disappoint"},"content":{"rendered":"<p>Information risk management (IRM) group <a title=\"SecureData Holdings\" href=\"http:\/\/businesstech.co.za\/forum\/showthread.php\/2187-SecureData-Holdings\">SecureData Holdings (SDH)<\/a> on Thursday (April 19, 2012) announced a rise in revenue to R235.71 million for the six months ended January 2012, from R198.958 million before.<\/p>\n<p>However, profit from operations declined to R6.109 million, from R9.093 million before, while headline earnings per share improved to 3.9 cents, from 1.1 cents in 2011.<\/p>\n<p>The increase in revenues was driven by sales growth in SecureData Europe and the weakening of the Rand, especially against Sterling.<\/p>\n<p>Group <a title=\"Ebitda\" href=\"http:\/\/businesstech.co.za\/forum\/showthread.php\/2031-Ebitda\">EBITDA<\/a> reduced to R12.2 million, from R15.4 million.<\/p>\n<p>\u201cThe period under review delivered a set of mixed results from the operations within the group,&#8221; SecureData said in a statement.<\/p>\n<p>It noted that SecureData Africa posted a significant loss during the second half of the previous year. \u201cThe corrective measures put in place to restore profitability in the division started to filter through with a substantial reduction in the loss from this division for this period compared to the prior six-month period ended July 31, 2011,\u201d SecureData said.<\/p>\n<p>SensePost performed in line with expectations and SecureData Europe performed better than expected, despite the continued economic uncertainty in the markets in which both entities operate, the group added.<\/p>\n<p>\u201cOverall, the group did not deliver on expectation. The board made a decision to turn all its focus and attention on its African operations and has commenced with a process to dispose of SecureData Europe.<\/p>\n<p>\u201cThis will enable the group to settle all debt and provide a cash injection to grow the African operations,\u201d it said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Information Risk Management (IRM) group SecureData Holdings (SDH) on Thursday announced a rise in revenue to R235.71 million for the six months ended January 2012, from R198.958 million before.<\/p>\n","protected":false},"author":9,"featured_media":2921,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[25,2470,2469],"class_list":["post-10405","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-it-services","tag-active","tag-information-risk-management","tag-securedata"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/10405","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=10405"}],"version-history":[{"count":5,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/10405\/revisions"}],"predecessor-version":[{"id":11445,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/10405\/revisions\/11445"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/2921"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=10405"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=10405"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=10405"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}