PBT Group’s taxed profit fell marginally by 2.2% to R46.9 million in the six months to September 30 after its data, analytics and software engineering consultancy operations remained resilient.
Continuing operations increased revenue 0.3% to R549m. Gross profit fell 2% to R129.3m. Earnings before interest, tax, depreciation, and amortisation increased by 1.4% to R67m.
Normalised headline earnings fell 0.8% to R32.6m, with normalised headline earnings a share increasing by 0.9% to 31.7 cents.
“The business remains sound and continues to generate healthy cash flows,” the directors said. The interim distribution of 27 cents a share was 3.8% higher than the prior period.
“We are optimistic South Africa’s improving economic and business conditions will have a positive impact on our group's performance in the coming years,” the group said. - Edward West