In addition to its normal business, Stella Vista, a multimedia communications systems provider, had a contract to deliver the official cricket scoring software, software for scoring and statistics display, and electronic scoreboards, among other things.
The contract was also the major contributor to a 79% increase in revenue from R19.59 million to R34.99 million. An operating profit of R6.4 million was achieved before impairment charges.
The group incurred a basic and headline loss of 1.77c a share, compared with a previous loss of 5.41c a share.
CEO Muris Tabakovic says Stella Vista has started to market solutions based on the systems used at the World Cup.
"We have made significant inroads into the European and Middle Eastern markets, the benefit of which should materialise during the next financial year," he says.
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Cricket helps Stella Vista to profitability
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