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Johannesburg - Mustek’s revenue from continuing operations increased by 16% to R4.1bn for the year ended June 2013.
The group’s results released on Wednesday also recorded a 256% increase in cash to R145.5m, an 18% increase in dividend per to 20c a share and a 9% increase in net asset value to 762c a share from 697c in 2012.
“We are highly encouraged by this progressive set of results,” said CEO David Kan.
“We set ourselves very clear goals at the beginning of FY13 to deliver revenue growth with enhanced efficiencies and to secure competitive, sustainable margins, while still exploring diversification in products with growth potential.”
Kan said the firm also strengthened its strategic partner network within the industry.
He believes Mustek will become a key player in the local tablet market.
“We are continuing with our research and development into new product offerings.”
Managing director Hein Engelbrecht said the firm had an “exceptional year considering the turbulent times that the broader IT industry experienced.
“We believe that this coming year provides the ideal platform to carry on supporting our provision of solutions in the mobility, cloud, security (CCTV), networking and fibre arenas, continuing our emphasis on the education, health, security and solar energy industries.”
Engelbrecht said the firm will look at diversifying their existing offerings in the next financial year.
It will focus on increasing volumes as it remains a driver of performance across its operations.
“We are confident about the opportunities the new financial year presents,” he said.
- Fin24
The group’s results released on Wednesday also recorded a 256% increase in cash to R145.5m, an 18% increase in dividend per to 20c a share and a 9% increase in net asset value to 762c a share from 697c in 2012.
“We are highly encouraged by this progressive set of results,” said CEO David Kan.
“We set ourselves very clear goals at the beginning of FY13 to deliver revenue growth with enhanced efficiencies and to secure competitive, sustainable margins, while still exploring diversification in products with growth potential.”
Kan said the firm also strengthened its strategic partner network within the industry.
He believes Mustek will become a key player in the local tablet market.
Watch: Mustek interim results 2013
“We are continuing with our research and development into new product offerings.”
Managing director Hein Engelbrecht said the firm had an “exceptional year considering the turbulent times that the broader IT industry experienced.
“We believe that this coming year provides the ideal platform to carry on supporting our provision of solutions in the mobility, cloud, security (CCTV), networking and fibre arenas, continuing our emphasis on the education, health, security and solar energy industries.”
Engelbrecht said the firm will look at diversifying their existing offerings in the next financial year.
It will focus on increasing volumes as it remains a driver of performance across its operations.
“We are confident about the opportunities the new financial year presents,” he said.
Watch: Success factors
- Fin24
