Basic business principles have seen MB Technologies grow its headline earnings per share by 40% for the interim period.
The global technology group increased its turnover for the six months to February by 31% to R915.9 million, putting it well on track to overtake the R1.5 billion figure reported for the 2000 financial year.
Operating income before income from investments increased by 43% to R45.9 million after taking into account a loss on discontinuance in LAN Design of R3.4 million.
The company says operating profit margins increased from 4.6% to 5.4% as a result of a move toward higher margin opportunities as well as new start-ups becoming profitable.
Net profit for the period of R30.1 million increased by 38.4%, with headline earnings per share increasing 40% from 5.7c to 8.0c.
The group`s value-added distribution division including Tarsus Technologies maintained its performance as predicted for the six months despite the overall industry floundering.
US Internet company, LiveTechnologies, of which MB Technologies owns 41%, continues growth and MB Technologies says its products are well positioned for sustainable growth.
The group says it intends to increase its focus around the "high margin, low risk larger opportunities that it has identified and proven as sustainable".
The share was trading down 10c by midmorning at 145c, in what could amount to profit taking by investors.
No dividend was declared for the interim period.
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