ADvTECH final results December 2015

Revenue for the year grew 40% to R2.7 billion (R1.9 billion). EBITDA jumped 64% to R557.9 million (R340.8 million). Operating profit before interest shot up 75% to R448.3 million (R256.4 million). Profit attributable to owners rose to R224.9 million (R167.1 million). In addition, headline earnings per share were 27% higher at 51.0cps (40.3cps).

Declaration of final dividend no 13
The board announced the declaration of a final gross dividend of 17.0 cents (2014: 15.0 cents) per ordinary share in respect of the year ended 31 December 2015. This brings the full year dividend to 29.5 cents (2014: 26.0 cents) per share.

All three trading divisions are showing positive performance trends that augur well for further growth in 2016. Prospects have been considerably enhanced and with a strong foundation in place and further investments expected, Group shareholders can look forward to continued growth.

The Board and management have agreed a stretch target of 100 cents normalised earnings per share by 2018. Given approved investments and the new opportunities identified and being pursued, the Board believes this is achievable provided there is no significant deterioration in the operating climate.

2016-03-14 08:37:20