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Johannesburg - AltX-listed infrastructure and construction group Accéntuate [JSE:ACE] said on Thursday demand from the private sector is on the mend.
"There has been a discernible comeback in private sector construction activity," said CEO Fred Platt, adding it will especially benefit the group's Centurion Glass & Aluminium (CGA) business. "Demand in the chemical sector has been steadily increasing too."
Accéntuate is involved in the manufacturing and distribution of infrastructural supplies and maintenance, including flooring, glass and aluminium as well as chemical cleaning.
The group is also eyeing opportunities offered by the state's infrastructure programme. "The group can take advantage of the opportunities that are presented in the infrastructure development plan as presented by government with emphasis on the upgrading and construction of hospitals, clinics, schools and the public transport sectors.
"In addition to this, the group is currently involved in both the planning and execution of a number of meaningful private sector projects that we believe will ensure sustainable earnings for our investors into the foreseeable future."
For the six months to end-December 2009, Accé posted profit figures of R8.47m, which represents almost 90% of the R9.45m profit generated in the full-year to end-June 2009.
Revenue for the period fell 3% to R156m. Headline earnings per share were down 7% to 8.25c.
The group declared an interim dividend of 2c per share.
- Fin24.com
