Reunert was most recently in the spotlight after announcing that its subsidiary, Nashua Mobile would be selling its subscriber base. Today Reunert has announced its interim trading results, the group is trading just 0.27% up on the year and is currently offering a PE ratio 11.92.
Highlights
- Normalised headline EPS from group, including nashua mobile, has decreased by 8% from 256,5 cents to 237,2 cents
- Revenue from continuing operations increased by 14% to R3,7 billion, whilst operating profit increased from R449,2 million to R477,2 million
- Basic EPS and headline EPS from continuing operations increased by 3% to 200,9 cents and 201,3 cents respectively
- Normalised headline EPS from continuing operations increased by 3% from 194,0 cents to 200,0 cents.
An extract from the SENS report, on the results followed, “Looking forward, Reunert will continue to pursue earnings growth, both organically and through synergistic acquisitions. However, given the sluggish economy, organic growth is expected to remain challenging. Consequently, the group will also retain its focus on rigorous cost control, effective cash management and the extraction of efficiencies from its businesses.”
For the full SENS report, Click Here
