Datacentrix posts higher year-end earnings
JSE-listed integrated information and communication technology systems provider Datacentrix posted higher earnings for the financial year ended February 2015.
The group achieved a 16.4% increase in earnings from R89-million in the year ended February 2014 to R103-million in the year under review.
Headline earnings a share rose 16.2% from 45.6c in the prior year to 53c in the 12 months to February 2015.
Constrained spending in the private sector had left revenue for the period flat at R2.25-billion.
During the year to February, Datacentrix generated R199-million in cash from operations and increased its operating margin from 5.5% to 6.4%.
The company’s managed services division, which contributed 45% to group earnings, reported earnings of R45.6-million, a rise on the R43.9-million posted the year before.
The technology division delivered a 38% hike in earnings from R33-million in the prior period to R45.5-million for the year under review.
This was attributed to improved operating margins, which increased from 2.9% to 4.1%, owing to effective cost management.
Earnings from the business solutions division, which contributed 11% of group earnings, jumped 10% year-on-year to R10.8-million.
Datacentrix declared a final gross cash dividend of 17.55c a share for the year to February.
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