JSE-listed ICT group Spescom this morning announced revenue growth of 11.7%, to R162 million, for the six months ended 31 March.
Operating profit increased to R4.9 million, compared to breakeven in the comparable period, while headline earnings increased by 6.5%, to R3.1 million, during the interim period.
"Spescom harnessed its core competencies to deliver business communication solutions to customers," says CEO Jen'e Palmer in a statement. She adds that the improved operating performance was entrenched and underpinned the group's ongoing financial recovery process.
The company says improved operating performance and effective working capital management resulted in cash generated by operating activities increasing from R343 000 in 2007 to R13.2 million.
Looking at the individual divisions, the company says Spescom DataVoice delivered a profit, compared to a loss in the comparable period.
Palmer says: "The repositioning of its product suite to enable effective workforce optimisation and risk management in line with the evolving market has started to pay off."
Spescom DataFusion extended its offering into contact centre managed services and concluded a contract with a large multinational ICT service provider to offer services associated with the latter's outsource engagement with a major local financial institution.
Spescom MediaIT, named the Sony Broadcast Supplier for 2007/8, was impacted by delays in the final adjudication of parastatal tenders. "Upgrades and investments by local broadcasters to meet international standards ahead of the 2009 Confederations Cup continues to provide strong fundamentals for growth in this division," explains Palmer.
Spescom Telecommunications concentrated on the supply and installation of equipment, which forms an integral part of Neotel's network roll-out, the company says.
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