Reunert reports FY improvements
JSE-listed Reunert on Monday posted a 50% drop in earnings per share (EPS) for the financial year ended September 30.
EPS plunged from 1 202c in 2014 to 604c in 2015 as Reunert absorbed the impact of its disposal of Nashua Mobile and the nonrecurring profit on the sale of its subscriber bases.
However, headline earnings a share rose 16% to 588c, while earnings before interest, taxes, depreciation and amortisation increased 14% to R1.3-billion.
Profit for the year, which contracted 49% to R1-billion, had been weighed down by a 97% plunge in profit from discontinued operations – a decline that a 146% surge in profit from continued operations to R959-million was unable to offset.
Operating profit for the year under review rose 15% to R1.17-billion, with revenue for the period up 7% to R8.3-billion.
The group’s CBI-electric division reported a 14% rise in revenue to R4.1-billion, while operating profit increased 21% from R428-million to R520-million during the 12 months under review.
Revenue from the Nashua division fell 42% to R4-billion, while operating profit declined 9% to R577-million.
Reutech increased its revenue by 8% to R1.1-billion and operating profit by 6% to R181-million.
Reunert declared a dividend of 302c for the year.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
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?
Receive 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)
➕
Recieve 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
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation