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Johannesburg - Compu-Clearing Outsourcing [JSE:CCL] grew revenue for the year by 8% and is now targeting Africa, CEO Arnold Garber told Fin24 in a video interview.
The group, which provides IT products and services to the customs clearing, freight forwarding, air cargo and related industries recorded increased revenue to R72.0m for the year ended June 30 2014 from R66.7m the previous year.
"This was driven by an 8% growth in the software rental segment and a 32% growth in the CargoWise One segment, which although off a small base, continues to make good progress and gain new clients," Compu-Clearing said in a statement.
Headline earnings and diluted headline earnings per share for the year ended was 26.0 cents.
The group also declared an ordinary cash dividend of 32 cents per share compared to 30cps last year.
"We are a business that is very cash generative, our profits are really cash generative and as a result of that we are paying again a dividend in excess of our earnings," said Garber.
He added that it was a very challenging year with industrial action. "In the last quarter the bottom really fell out".
Turning to the future, Garber said that Compu-Clearing has a good market penetration in South Africa so there is little room for more growth. He said the focus would then be on Africa.
"We’re going to make a big push into Africa, over the border where we don’t have quite such a big penetration".
Garber said the group will also continue with diversifying in other logistics areas such as warehousing and local transportation.
Watch: Compu-Clearing posts R72m revenue
- Fin24
