Reunert has delivered a robust earnings performance for the year ended 30 September 2015, despite a weak macroeconomic environment. Headline earnings per share (EPS) climbed by 16%, well ahead of revenue growth of 7%, it said on Monday. Headline EPS from continuing operations
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Growth in operating profit from continuing operations, coupled with additional proceeds from the sale of Nashua Mobile subscribers and interest earned on the full proceeds, have underpinned Reunert’s results in the six months ended March 2015
Profits at Nashua Mobile plunged by 41% year on year in the six months to 31 March 2014, falling from R101,8m to R60,4m, parent Reunert disclosed in its interim results on Tuesday. This was on the back of a 2% decline in revenue, from R1,85bn to R1,81bn, at the independent cellular service provider, whose customer base Reunert has
Cell C, the big winner in Tuesday’s publication by telecommunications regulator Icasa of wholesale inter-network call rates for the coming four years, has lauded the authority’s decision to introduce aggressive “asymmetry” that favours it and other smaller
Nashua Communications MD Andy Openshaw has joined Cell C CEO Alan Knott-Craig in calling for a further substantial further reduction in wholesale mobile termination rates in 2013, when a three-year process of reducing the rates comes to an end
Reunert has lifted its total cash dividend per share by 12%, to 275c, on the back of a 9% increase in normalised headline earnings per share for the year ended 30 September 2012. The JSE-listed technology and telecommunications group, whose brands include Nashua Mobile and
AppChat founder John Holdsworth has been denied leave to appeal against a judgment in his high-profile legal battle with Reunert, the JSE-listed company that bought ECN Telecommunications, a company he founded and led until 2011. The decision to deny
Nashua Mobile, the cellular service provider in the JSE-listed Reunert group, wants to grow its prepaid customer base substantially and, in his first media interview since taking the reins on 1 October, newly appointed CEO Mark Taylor has
Reunert subsidiaries Nashua ECN and Nashua Communications are to be merged on 1 October to create a new business with more than R1bn in annual revenues and 600 employees. The combined entity will trade under the name of Nashua Communications and will be headed by the current