AltX-listed ISA Holdings Limited today announced its maiden interim results since its move to AltX, the JSE's alternative exchange. The provider of broad-based information security solutions announced an increase in EPS for the period of 67% and strong growth in earnings to R2.6 million.
According to Clifford Katz, CEO of ISA, healthy organic growth has been achieved in each line of the business. "Despite the continued strength of the Rand, operating margins remained on target, resulting in ISA exceeding budget. I am pleased that we have also been able to meet our management objective of matching profits with tangible cash-on-hand for the period," he said.
Katz said that the results illustrated ISA's ability to apply rigorous financial management principles to every aspect of the business. In support of transformation and in compliance with the ICT Charter, ISA confirmed that it is currently in discussions with a potential BEE partner. Katz says that an outcome should be announced within the next few months.
Looking ahead, ISA expects to repeat these results for the next six month reporting cycle. "We are confident in our ability to achieve organic growth and we remain committed to building the sub-Sahara African information security market. We believe this will be achieved through focus, passion and innovation," concludes Katz.
ISA was built around the skeleton of the old Y3K Group Limited, into which it reverse-listed, culminating in its move from the main board to AltX in June this year.
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