• Dangerous games

    Employers' body Neasa is playing a potentially dangerous game, says Terry Bell.

  • Rational thinking

    All players should first consider the net result of their actions, says Leopold Scholtz.

  • Telkom's property poser

    BEE may be hindering Telkom's plans to offload redundant real estate, says Gugu Lourie.

Data provided by iNet BFA
Loading...
See More

Pinnacle earnings rise 45%, dividend up

Sep 16 2011 10:07 I-Net Bridge

Company Data

PINNACLE HOLDINGS LTD [JSE:PNC]

Last traded 13.40
Change 0
% Change 0.00
Cumulative volume 921896
Market cap 2.25bn

Last Updated: 31/07/2014 at 12:51. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Pinnacle losses edge down

Earnings rise for Pinnacle

Strong rise in Pinnacle earnings

Pinnacle arrests losses

Pinnacle acquires Axiz Technology

Pinnacle earnings soar

 

Johannesburg - ICT company Pinnacle Technology Holdings [JSE:PNC] on Friday reported a 45% rise in headline earnings per share to 117.7 cents for the year ended June 2011 from 81.3c a year ago. Earnings per share were up 58% to 121c.

The board has proposed a dividend of 23c/share, up from 2010's 16c.

Revenue was 57% higher at R4.96bn, of which 24% came from organic growth in the existing group and 33% due to the acquisition and incorporation of the Axiz Technology Group and Centrafin.

The results were achieved despite the impact on pricing of the stronger rand, which averaged nearly 8% stronger in 2011 than in 2010.

The company said the current organic growth of 24% before acquisitions is comparable to a 12% total turnover growth in 2010.

Earnings before interest, taxes, depreciation and amortisation increased by 55% to R323m and net profit attributable to shareholders increased 58% to R220m. Group net profit improved marginally from 4.4% to 4.5% of turnover.

Looking ahead, the group said market sentiment is mixed with concerns emerging over the continuing inability of Europe to resolve debt crises in Greece, Ireland and the Iberian Peninsula and the threat of a double-dip recession in the US.

Global markets continued to recover at a restrained pace, as Western governments drive their economies with stimulus packages. International risk, however, remains finely balanced.

The key for the group remains growth while continuing to focus on cost containment, it said.

 
pinnacle technology holdings
NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

Small Business

A cash flow crunch often occurs in small businesses trying to balance cash coming in with cash going out. Watch this video to help you improve.
 
 

Go solar and save

Households may have to examine alternative forms of energy after Eskom has been given permission to raise electricity prices above the 8% previously granted.

 
 

Start saving...

Where can you stash your cash?
Time the key for retirement saving
Dummy's guide to saving
Save money with affordable account

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...