By Iain Scott, ITWeb group consulting editor
Johannesburg, 16 Feb 2005
Paracon shareholders are to receive 3c a share as a capital distribution.
The company says the distribution, which is 0.5c up on last year`s payout, is to be paid out of share premium.
The payment date has been set for 7 March.
The board recommended the distribution last year after the group enjoyed a solid year to September.
Headline earnings were up by 53% to R22.77 million compared with earnings of R14.93 million previously, while headline earnings per share were up 40% from 4.2c to 5.9c.
CEO Mark Jurgens said at the release of the results in November that the group had seen an upturn in the IT industry, specifically among its clients.
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