Adapt IT reports commendable financial performanceby MTHULISI SIBANDA
JOHANNESBURG, (CAJ News) – ADAPT IT, the South Africa firm, has announced a positive set of interim results for the six months ended December 31.
Turnover increased 38 percent to R261 million, operating profit increased 85 percent to R38 million and headline earnings per share up 35 percent to 18,6 cents.
“In line with our strategic expansion plan, our strongorganic growth in tandem with strategic acquisitions have yielded continued positive results for Adapt IT,” says Adapt IT Chief Executive Officer, Sbu Shabalala.
He said the Johannesburg Stock Exchange-listed Adapt IT pursues growth by improving its market share through organic growth means within its targeted sectors and pursing strategic earnings enhancing software business acquisitions.
“Our outlook remains positive as we continue to build on the strong well-diversified foundation, to create a sizeable leading ICT business that delivers above ICT sector average growth and returns.” concluded Shabalala.
– CAJ News
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