https://www.engineeringnews.co.za

ELB to focus on IoT for service optimisation

5th October 2018

By: Marleny Arnoldi

Online News Editor

     

Font size: - +

JSE-listed capital equipment supplier and services provider ELB Group reported a 35% increase in profits to R111-million for the financial year ended June 30, compared with R82-million in the prior year.

This was on the back of higher sales across all group segments – sales increased by 50% to R3.7-billion in the period under review, compared with R2.4-billion in the prior year – and continuing improvements in market penetration within the company’s equipment and Australasia segments.

Headline earnings per share increased by 40% to 341c apiece, compared with 243c in the prior year.

ELB declared a final cash dividend of 50c apiece.

The company experienced delays with the start of some of its major engineering projects, but has a resilient order book, despite the tough trading conditions in the market at the moment.

Meanwhile, ELB has embarked on a strategy to increase its know-how and technology-focused solutions by pursuing exponential technology-focused opportunities and partnerships.

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Craig Miller Technical Services (CMTS)
Craig Miller Technical Services (CMTS)

CMTS is a leading, well-established EC&I contractor with 37+ years of mining and industrial experience. We execute full-scope EC&I projects with...

VISIT SHOWROOM 
ATI Systems
ATI Systems

ATI systems comprises five divisions: electrical assemblies, drives and controls, feedback sensors, enclosures, and strip guiding.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

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







301

sq:0.061 0.94s - 122pq - 2rq
Subscribe Now