Zaptronix seeks new business

Risk management services firm Zaptronix is pursuing initiatives to acquire a new business base.

In the company's results commentary for the year to August, it states it wants to expand its solutions channel and grow the business.

During the year, revenue grew 29.5%, to R29 million, and it narrowed its net loss to R2.42 million, compared to last year's loss of R2.6 million. Now, the company wants to grow its product offerings and add to its fleet-management customer base, it says.

Zaptronix offers a specialised risk management service for the logistics sector through Mobile Logistics Risk Management (MLRM). It also has an Energy Risk Management (ERM) division.

Revenue from Duo was down 1% year-on-year, but revenue from sales of Duo IV to commercial customers grew 22%.

Its ERM unit promotes and sells advanced metering infrastructure, automated meter reading services and delivers load management, verification and billings services to residential and commercial customers. Revenue from electrical meter sales increased 28% year-on-year.

Zaptronix did not declare a dividend, preferring to use its resources to grow the company.

Its shares were trading unchanged at 3c this morning, matching yesterday's close.