https://www.engineeringnews.co.za

Jasco turns fortunes around in FY16

26th September 2016

By: Natasha Odendaal

Creamer Media Senior Deputy Editor

  

Font size: - +

JSE-listed Jasco Electronics on Monday declared a 2c a share dividend as it bounced back into the black with a triple-digit growth in earnings for the year ended June 30.

The group’s profit for the year surged 119.2% to R15.9-million, compared with the loss of R82.8-million reported in the prior year.

The 2016 earnings a share reached 6.3c, up 116.3% on the loss a share of 38.7c reported in 2015. Headline earnings a share increased 163.5% from 2.4c apiece in 2015 to 6.3c a share for the year under review.

Jasco also reported operating profit of R41.7-million in the year to June 30, compared with the operating loss of R72.5-million in 2015.

Revenue for the 2016 financial year decreased by 4.2% to R1-billion, from R1.1-billion in 2015.

Edited by Creamer Media Reporter

Comments

Showroom

Actom image
Actom

Your one-stop global energy-solution partner

VISIT SHOWROOM 
Willard
Willard

Rooted in the hearts of South Africans, combining technology and a quest for perfection to bring you a battery of peerless standing. Willard...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 19 April 2024
Magazine round up | 19 April 2024
19th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.151 0.2s - 157pq - 2rq
Subscribe Now