IT distributor and PC assembler Mustek said on Friday that the financial losses associated with the ransacking of and arson at its Durban office will not exceed R20-million.
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Photos have emerged of the damage caused to IT distributor Mustek’s offices in Durban, which were torched by a gang of marauding criminals on Monday.
Samsung Electronics, LG Electronics and Mustek have been heavily impacted by the ongoing lawlessness in KwaZulu-Natal, with Samsung’s distribution centre in Cato Ridge attacked by looters.
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Technology group Mustek has reported a stellar, 166.7% jump in headline earnings per share in the six months ended 31 December 2020 on revenue that rose 23.7% to R3.7-billion.
Shares in Mustek leapt by more than 13% on Monday after it told shareholders that its headline earnings per share would more than double in the six months ended 31 December 2020.
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Alviva Holdings said on Wednesday that it’s full-year headline earnings will fall by more than 50%, though it said its prospects have improved since a disappointing set of interim results earlier this year.
JSE-listed technology group Mustek reported a 9.4% increase in revenue in the year ended 30 June 2020, in spite of three months of the reporting period including the Covid-19 lockdown in South Africa.
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