Spescom achieved headline earnings per share to 63.1c in the year to end-September, a growth of 12.9% over the 55.9c of the previous year.
Turnover rose marginally, from R355.54 million to R356.52 million, although on a continuing operations basis, turnover slipped from R353.89 million to R346.84 million.
The operating profit rose by 27.3% from R32.58 million to R41.48 million. For continuing operations, an operating profit of R40.67 million compared with a profit of R31.74 million previously.
CEO Tony Farah says this improvement was the result of improved trading conditions and effective cost management.
The group achieved a profit of R29.15 million for the year, up from R14.73 million. Basic earnings per share rose from 27.8c to 49c.
"There is a significant improvement in the consolidated balance sheet," Farah says. "This can be attributed to superior performance, substantial debt repayments and a cash injection resulting from the fresh issue of shares.
"The gearing level has substantially improved to 50% of equity and the group's liquidity position has likewise strengthened."
Current assets of R109.5 million on the balance sheet outweigh current liabilities of R97.1 million. This is a reversal of the previous year's position when current assets of R164.67 million compared with current liabilities of R185.22 million.
"Spescom remains focused on the global information content management arena," Farah says. "This is validated by the increase in revenues attributable to this market. Strategic alliances and channel partnerships will continue to form a major part of the group's strategy."
The group's telecommunication activities remain challenging as the nature of the business is fragmented with reliance on large deals with a small customer base.
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