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Johannesburg - Diversified industrial group Rolfes Technology Holdings
[JSE:RLF] on Monday reported that earnings before interest, taxes, depreciation,
and amortisation (Ebitda) had increased by 40% to R75.9m from R54.2m for the
year ended 30 June 2012.
Headline earnings per share for the 12-month period
increased from 31.2 cents to 36.1 cents‚ with turnover having grown 38.1% to
R636m.
The Agchem Group and Amazon Colours acquisitions contributed
positively to the results for eight months from 1 November 2011. Overall market
share in the agriculture and coatings industries increased with these
acquisitions‚ while other divisions yielded mixed results.
Continued reduced European product demand prompted a decline
in exports (excluding Africa). Certain high volume product demand
(acquisitions’ products excluded) reduced locally due to weaker trading
conditions‚ unfavourable import pricing and increased competition. Performance
for the first month of the financial year was also severely influenced by a
month-long labour strike.
However‚ exports into the rest of Africa continued to grow
aggressively to R44.7m (June 2011: R18.1m)‚ with total exports now comprising
R70m or 11% of total revenue for the financial year to June 2012 (June 2011:
R55.7m or 12% of total revenue).
The group paid an interim dividend to shareholders of 5 cents per share on 19 March 2012 and will pay a final dividend of 5 cents per share on 12 October 2012.
