Revenue grew to R92.3 million (December 2010: R85.1 million) whilst profit from operations was higher at R7.2 million (December 2010: R6.5 million). Net attributable profit increased to R6.1million (December 2010: R3.3 million). Headline earnings on a per basis grew to 6.19cps (December 2010: 3.56cps).

Dividend
It is group policy to consider declaration of dividends at the end of the financial year and not at the interim reporting date.

Prospects
The Adapt IT Group continued to pursue its long-term strategy to deliver sustainable above average returns to shareholders by focusing on a combination of organic and acquisitive growth. The acquisition of BI Planning Services (Pty) Ltd ("BiPS"), effective 1 January 2012, further enhances the group's product offerings and provides access to customers within the Financial Services Sector. The Group will seek further significant earnings enhancing acquisitions. The group continues to grow its footprint in the broader African and International markets and maintains its tight focus on improving profit margins, seeking greater operational efficiencies and engaging positively with all its stakeholders in order to meet their expectations. We envisage the second half of the year to remain challenging, however, we are favourably positioned to take advantage of the opportunities presented by our markets.







2012-02-08 16:51:41