ERP.com Holdings has turned in another sterling set of full-year results, with its net profit soaring by 64% over the previous year.
<B>Salient figures</B>
ERP.com Holdings results for the year to 31 July 2003.
Previous year`s figures in parentheses:
Revenue: R130.73m (R104.45m)
Profit before tax: R27.48m (R16.84m)
Net profit: R19.05m (R11.65m)
Net attributable income: R18.68m (R11.17m)
HEPS: 11.5c (7.2c)
EPS: 11.2c (6.9c)
Current assets: R74.1m (R43.83m)
Cash and equivalents: R58.65m (R26.67m)
Current liabilities: R33.68m (R20.78m)
Cash generated from operations: R40.08m (R26.28m)
NAV per share: 26.8c (17.7c)
Dividend per share: 5c (1.4c)
CEO Peter Forsyth says the group exceeded its key objectives for the year to July of maintaining historical earnings growth and high operating margins and increasing cash resources.
Headline earnings per share rose 60% from 7.2c to 11.5c and the group`s cash increased to R58.65 million from R26.67 million at the end of the previous financial year.
ERP.com is focused on three business areas, namely enterprise applications, information security and networking solutions, all of which performed strongly during the period.
"There are firm indications of renewed market spend in the areas within which the group operates and the directors are confident that the group will perform strongly in the new financial year," Forsyth says.
"The focus remains on organic growth while continuing to investigate empowerment investment opportunities."
ERP.com has formed a new division focused on the sale of technology products and services into Africa through a network of partners established in all major African countries.
"This division was fully operational from the start of the new financial year and is expected to make a significant contribution over the next few years in line with the increasing IT spend emerging from the African continent," Forsyth says.
The group has declared a dividend of 2.3c a share as well as a special dividend of 2.7c a share, bringing the total to 5c.
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