Mustek, a JSE-listed assembler and distributor of personal computers and complementary ICT products, has reported a drop in revenue for the year ended June 2017, citing reduced spending from the government sector.<\/p>\n
The group\u2019s revenue from continuing operations decreased by 0.8% to R5.24 billion, while profit from operations declined to R173 .6 million, from R188.8 million before.<\/p>\n
Mustek\u2019s headline earnings per share is 5.7% higher at 81.26 cents (2016: 76.88 cents) and basic earnings per share is 8.4% higher at 80.32 cents (2016: 74.13 cents).<\/p>\n
The board declared a final dividend of 16 cents (2016: 15 cents) per ordinary share.<\/p>\n
The gross profit percentage from continuing operations was marginally down from 12.9% to 12.6%, predominantly as a result of product mix, the drive to reduce inventory levels and an increase in inventory provisions, it said.<\/p>\n
“Although the gross profit percentages achieved by products such as Huawei Enterprise Solutions and Microsoft Volume Licensing are lower, their
\ncontributions to profit are expected to continue growing,” it said.<\/p>\n