IT holding company,\u00a0MICROmega lifted its headline earnings per share by 74% to 49.29 cents in results\u00a0for the twelve months ended December 2013.<\/p>\n
Revenue however, declined to R731.7 million, from R746 million in 2012, but profit for the period advanced to R54.9 million, from R8.7 million previously.<\/p>\n
“The Board is pleased with the growth in headline earnings per share of 74% and basic earnings per share of 354%. We are now well positioned for continued grow in 2014,” the group said.<\/p>\n
It noted that in previous years, the group exercised extreme prudence in the valuation of our intangible assets by writing them off on an accelerated basis.<\/p>\n
“We are now adopting a more realistic, albeit conservative valuation of our development in new technology, and this has caused the disparity between the growth in headline and basic earnings per share.”<\/p>\n
Dave King, Chairman of MICROmega said: \u201cI believe we have never been as well positioned to deliver sustainable growth.\u201d<\/p>\n
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