{"id":21628,"date":"2012-09-07T09:45:15","date_gmt":"2012-09-07T07:45:15","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=21628"},"modified":"2012-09-07T13:43:49","modified_gmt":"2012-09-07T11:43:49","slug":"pinnacle-technology-dividend-up-52","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/it-services\/21628\/pinnacle-technology-dividend-up-52\/","title":{"rendered":"Pinnacle Technology dividend up 52%"},"content":{"rendered":"

ICT group Pinnacle Technology Holdings<\/a> increased headline earnings per share by 49% from 117.7 cents to 175.1 cents for the year ended 30 June 2012.<\/p>\n

Revenue rose by 18% to R5.8 billion with earnings before interest, taxes, depreciation, and amortisation (ebitda)\u00a0up 30% to R419 million.<\/p>\n

The group lifted its dividends for the year by 52% to 35 cents.<\/p>\n

Pinnacle\u2019s gross profit margin increased from 15% to 15.5%\u201a which it attributed to improvements in margins in hardware distribution and the increase in mix of higher margin value-add services and financing solutions\u201a offset to some degree by tighter margins in software distribution\u201a which remained a difficult market throughout the year.<\/p>\n

\u201cWe were able to reduce operating expenses as a percentage of turnover by a further 0.1% from 8.5% to 8.4%. This was due to the realisation of further synergies from the merger of Axiz<\/a> and WorkGroup<\/a> and through the incorporation into Pinnacle Africa of Explix and DataNet Infrastructure Group. Some of these benefits were however offset by the continued investment into new business divisions that will ensure further organic growth for PTH (the group)\u201a\u201d the group added.<\/p>\n

Looking ahead\u201a PTH said it envisaged meeting all the market challenges during the year ahead.<\/p>\n

\u201cThis has been re-enforced by our positive first quarter results\u201a\u201d it stated.\u00a0\u201cThe advent of cloud computing will bring many exciting\u00a0opportunities to PTH. Private as well as public clouds will\u00a0require additional investment into data centre infrastructure\u00a0solutions. Products such as F5 and Bluecoat that enhance the\u00a0performance\u201a security and availability of these networks will be\u00a0in high demand as networking speed becomes critical,” the group added.<\/p>\n

Pinnacle said it will also enhance its product offering in the physical security and\u00a0fire prevention technologies. The launch of Windows 8 will reinvigorate the IT market through the introduction of new enhanced features for both business as well as home users.<\/p>\n

\u201cInfrasol is expanding its services offering and is seeing\u00a0increased traction\u201a while Centrafin\u201a PTH\u2019s finance subsidiary\u201a is\u00a0adding value to the group\u2019s offering,” it concluded.<\/p>\n

Related articles<\/strong><\/p>\n

Pinnacle revises EPS upwards<\/strong><\/a><\/p>\n

Pinnacle Technology sees improved H1 earnings<\/strong><\/a><\/p>\n

Pinnacle Technology shares boosted by update<\/strong><\/a><\/p>\n

Pinnacle sees continued growth<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Pinnacle Technology Holdings increased headline earnings per share by 49% from 117.7 cents to 175.1 cents for the year ended 30 June 2012.<\/p>\n","protected":false},"author":8,"featured_media":4529,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_sma_x_autopost_status":"idle","_sma_x_autopost_error":"","_sma_x_post_id":"","_sma_x_attempts":0,"footnotes":""},"categories":[31],"tags":[26,4060,1095,1794],"class_list":["post-21628","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-it-services","tag-headline","tag-pinnacle","tag-pinnacle-technology","tag-windows-8"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/21628","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\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=21628"}],"version-history":[{"count":5,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/21628\/revisions"}],"predecessor-version":[{"id":21664,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/21628\/revisions\/21664"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/4529"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=21628"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=21628"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=21628"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}