Close Menu
TechCentralTechCentral

    Subscribe to the newsletter

    Get the best South African technology news and analysis delivered to your e-mail inbox every morning.

    Facebook X (Twitter) YouTube LinkedIn
    WhatsApp Facebook X (Twitter) LinkedIn YouTube
    TechCentralTechCentral
    • News

      Court battle brewing over contentious Joburg CCTV by-law

      7 July 2025

      Biometrics boss slams home affairs over R10 ID query fee

      7 July 2025

      TCS | Connecting Saffas – Renier Lombard on The Lekker Network

      7 July 2025

      Rain’s new Loop lets you carry your Wi-Fi and music everywhere

      7 July 2025

      Medupi unit 4 rejoins grid, easing winter load shedding fears

      7 July 2025
    • World

      Cupertino vs Brussels: Apple challenges Big Tech crackdown

      7 July 2025

      Grammarly acquires e-mail start-up Superhuman

      1 July 2025

      Apple considers ditching its own AI in Siri overhaul

      1 July 2025

      Jony Ive’s first AI gadget could be … a pen

      30 June 2025

      Bumper orders for Xiaomi’s YU7 SUV heighten threat to Tesla

      27 June 2025
    • In-depth

      Siemens is battling Big Tech for AI supremacy in factories

      24 June 2025

      The algorithm will sing now: why musicians should be worried about AI

      20 June 2025

      Meta bets $72-billion on AI – and investors love it

      17 June 2025

      MultiChoice may unbundle SuperSport from DStv

      12 June 2025

      Grok promised bias-free chat. Then came the edits

      2 June 2025
    • TCS

      TechCentral Nexus S0E4: Takealot’s big Post Office jobs plan

      4 July 2025

      TCS | Tech, townships and tenacity: Spar’s plan to win with Spar2U

      3 July 2025

      TCS+ | First Distribution on the latest and greatest cloud technologies

      27 June 2025

      TCS+ | First Distribution on data governance in hybrid cloud environments

      27 June 2025

      TCS+ | First Distribution on cloud cost management in Microsoft Azure

      26 June 2025
    • Opinion

      In defence of equity alternatives for BEE

      30 June 2025

      E-commerce in ICT distribution: enabler or disruptor?

      30 June 2025

      South Africa pioneered drone laws a decade ago – now it must catch up

      17 June 2025

      AI and the future of ICT distribution

      16 June 2025

      Singapore soared – why can’t we? Lessons South Africa refuses to learn

      13 June 2025
    • Company Hubs
      • Africa Data Centres
      • AfriGIS
      • Altron Digital Business
      • Altron Document Solutions
      • Altron Group
      • Arctic Wolf
      • AvertITD
      • Braintree
      • CallMiner
      • CambriLearn
      • CYBER1 Solutions
      • Digicloud Africa
      • Digimune
      • Domains.co.za
      • ESET
      • Euphoria Telecom
      • Incredible Business
      • iONLINE
      • Iris Network Systems
      • LSD Open
      • NEC XON
      • Network Platforms
      • Next DLP
      • Ovations
      • Paracon
      • Paratus
      • Q-KON
      • SevenC
      • SkyWire
      • Solid8 Technologies
      • Telit Cinterion
      • Tenable
      • Vertiv
      • Videri Digital
      • Wipro
      • Workday
    • Sections
      • AI and machine learning
      • Banking
      • Broadcasting and Media
      • Cloud services
      • Contact centres and CX
      • Cryptocurrencies
      • Education and skills
      • Electronics and hardware
      • Energy and sustainability
      • Enterprise software
      • Fintech
      • Information security
      • Internet and connectivity
      • Internet of Things
      • Investment
      • IT services
      • Lifestyle
      • Motoring
      • Public sector
      • Retail and e-commerce
      • Science
      • SMEs and start-ups
      • Social media
      • Talent and leadership
      • Telecoms
    • Events
    • Advertise
    TechCentralTechCentral
    Home » News » Adapt IT hikes dividend per share by 23%

    Adapt IT hikes dividend per share by 23%

    By Staff Reporter28 August 2017
    Twitter LinkedIn Facebook WhatsApp Email Telegram Copy Link
    News Alerts
    WhatsApp

    Technology services group Adapt IT has hiked its dividend per share by 23% to 13.4c, from 10.9c a year ago, on the back of a rise in earnings.

    In the year ended 30 June, the JSE-listed group reported normalised headline earnings per share up 10% on turnover that rose by 25% to R993.7m.

    Headline earnings per share rose by 2% to 58,76c.

    Earnings before interest, tax, depreciation and amortisation — a measure of its operating performance — rose by 18% year on year to R194.3m. Attributable profit was R88.1m, up from R78.4m before.

    normalised headline earnings will be reported on an ongoing basis, as this disclosure will add value to the financial analysis

    Normalised headline earnings increased 22% to R118.5m. It has disclosed the normalised number because of the “high non-cash expenses recognised in terms of International Financial Reporting Standards due to its acquisitions”, it said.

    “As acquisitions will be an ongoing hallmark of Adapt IT in line with its growth strategy, normalised headline earnings will be reported on an ongoing basis, as this disclosure will add value to the financial analysis.”

    The group ended the year with R98m in cash, up from R77.7m a year ago.

    Adapt IT’s share price has fallen sharply in 2017 as concerns mounted about a slowdown in organic growth in the first half of the financial year. Since 1 January, the share has tumbled 44%, to close at R8.95 on Friday.

    Organic growth

    Organic growth for the year was 6% (ahead of the 4% achieved in the first half), while acquisitive growth was 19%, Adapt IT said.

    Following the year-end, Adapt IT amalgamated the businesses of acquisitions CQS, EasyRoster and Multimatics to reduce the number of group entities and achieve efficiency and savings in administrative and operational expenditure.

    The recent acquisition of retail technology specialist Micros was not included in the full-year results.  — (c) 2017 NewsCentral Media



    Adapt IT CQS EasyRoster Multimatics top
    Subscribe to TechCentral Subscribe to TechCentral
    Share. Facebook Twitter LinkedIn WhatsApp Telegram Email Copy Link
    Previous ArticleFitbit unveils health-focused smartwatch
    Next Article Uber hires outspoken Trump critic as new CEO

    Related Posts

    New CEO for Adapt IT

    4 February 2025

    Tiffany Dunsdon on Adapt IT’s wild year – and fighting off a hostile bidder

    21 January 2022

    The best-performing tech shares on the JSE in 2021

    3 January 2022
    Company News

    Huawei launches next-gen fibre-to-the-room solution

    7 July 2025

    Remote monitoring tools: IT lifesavers or hacker gateways?

    7 July 2025

    The school placement crisis is getting worse

    7 July 2025
    Opinion

    In defence of equity alternatives for BEE

    30 June 2025

    E-commerce in ICT distribution: enabler or disruptor?

    30 June 2025

    South Africa pioneered drone laws a decade ago – now it must catch up

    17 June 2025

    Subscribe to Updates

    Get the best South African technology news and analysis delivered to your e-mail inbox every morning.

    © 2009 - 2025 NewsCentral Media

    Type above and press Enter to search. Press Esc to cancel.