Project Browser
By: Mariaan Webb
1st October 2007
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CEO Mark Jurgens said that the acquisition was complementing the company’s current service offering and that it would provide Paracon with access to a wider range of specialised skills.
X-Pert has some 150 consultants and staff, and operates out of offices in Gauteng and Cape Town.
The acquisition would be funded out of Paracon’s existing surplus cash resources, and remained subject to a number of suspensive conditions and, therefore, would not be included in Paracon’s year-end results.
Paracon also said that it was expecting earnings and headline earnings a share for the year ended September 30, 2007, to be between 50% and 60% higher than the previous year.
“The market is buoyant and we are very pleased with the performance of all our divisions this past year,” Jurgens said.
Edited by: Liezel Hill
