Mustek sees a “more stable period ahead” after slashing its dividend by 90% and reported an 82% slump in Heps.
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JSE-listed technology distributor Mustek has reported a 58.8% slump in headline earnings per share.
The energy solutions provider is seeking to service a market hungry for such solutions in the face of Eskom’s crippling power cuts.
Mustek has reported an 18% improvement in interim revenue, lifted by strong sales of alternative energy solutions.
Mustek subsidiary Rectron has teamed up with Chinese drone maker DJI to launch a drone academy in Midrand.
Mustek has continued its robust financial performance, on Wednesday reporting growth in interim headline earnings per share of 17.3%.
Mustek has reported a 248% leap in full-year headline earnings per share, hiked its dividend per share by 246% and said revenue climbed by more than a quarter to over R8-billion.
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.
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.
Mustek has hiked headline earnings per share by 55.5% in the six months to 31 December 2017, though revenue climbed by only 1.5% to R2.6bn. The slower revenue growth was due to a decision to reduce supply of