Compu-Clearing, a provider of IT services and products to the customs clearing and freight forwarding industries, reported a 35% rise in operating profit for the six months ended December 2013, to R8.9 million.<\/p>\n
The group’s core revenue is transaction-based and directly linked to customer import and
\nexport volumes.<\/p>\n
Other revenue segments comprise hardware rental and the distribution of a
\nglobally leading third party freight management solution, CargoWise One (formerly ediEnterprise).<\/p>\n
Group revenue grew by 8% to R35.6 million, driven by a 9% growth in the software rental segment and a 25% growth in the CargoWise One segment, although off a small base.<\/p>\n
Diluted headline earnings per share climbed 18% to 15.1 cents per share.<\/p>\n
Cash flow for the period remained robust with cash generated by operations up 26% to R9.6 million, Compu-Clearing said.<\/p>\n
“The period saw the commencement of a project to entrench and enhance Compu-Clearing’s position as a market leader.<\/p>\n
The first phase of the group’s new flagship product Compusolutions Diamond, has already met with an enthusiastic response,” it said.<\/p>\n
Looking ahead, the group said that the CargoWise One segment continues to grow with further implementations expected to go live in the second half of the 2014 financial year, which will drive further growth within the segment.<\/p>\n
“The group will seek further market penetration through the release of Diamond, intensified marketing efforts and continued development of new functionality in existing products. Man-agement continue to monitor costs and maintain operating margins at acceptable levels,” Compu-Clearing said.<\/p>\n
Compu-Clearing reports interim growth<\/strong><\/a><\/p>\n Compu-Clearing ups profit and dividend<\/strong><\/a><\/p>\n