JSE-listed Adapt IT Holdings on Monday reported a 69% rise in operating profit to R49.6 million for the year ended June 2014.<\/p>\n
Turnover increased 34% to R406.3 million from R303.4 million in 2013, with headline earnings per share up 55% to 34.55 cents.<\/p>\n
The group lifted its dividend per share by 48% to 8.23 cents, from 5.56 cents before.<\/p>\n
Adapt IT provides solutions and services to the education, manufacturing, financial services and energy sectors.<\/p>\n
During the period under review, Adapt IT acquired the Aquilon group of companies, which now forms part of the Adapt IT Energy sector.<\/p>\n
\u201cThis acquisition has provided entry into the Oil & Gas industry, extending our SAP solution competence, introducing supply chain management solutions and offering Adapt IT excellent future growth potential,\u201d said Adapt IT CEO, Sbu Shabalala.<\/p>\n
The group said it is well diversified across its four key operating segments, with the education sector contributing 30%, manufacturing sector 37%, energy 17%, and financial services 16% of turnover.<\/p>\n
The group said it has succeeded in its international expansion with 25% of its turnover from foreign business with a specific focus on the rest of Africa.<\/p>\n
\u201cWe provide software and services to 14 other African countries and a further 6 countries beyond Africa and this is a key factor in diversifying risk and growing our dollar-based revenues,\u201d said Shabalala.<\/p>\n
Adapt IT in R98 million Aquilon buy<\/strong><\/a><\/p>\n