Adapt IT reduces debt, proves resilient in the face of COVID-19
In the six months to 31 December 2020 attributable profit after tax increased 37% to R28 million, and cash generated from operations increased 67% to R124 million.
Adapt IT prioritises debt repayment, withholds dividend
The company prioritises the reduction of borrowing and preserving cash for the financial year ended 30 June, and as a result, no dividend was declared.