Sekunjalo interim results February 2012

Revenue increased to R178.1 million (R134.4 million). Gross profit rose to R67.6 million (R37.3 million). Net attributable profit improved to R9.2 million (R6.8 million). In addition, headline earnings on a per share basis grew to 1.87c (1.60cps).

As an investment holding group management is pleased to have concluded the Pioneer Food Group Ltd. transaction. This acquisition is perfectly aligned with the group's strategy to diversify its business and enhance the value through strategic investments in key sectors of the economy.

The group will focus its efforts on growing the ICT and fishing divisions organically as well as by acquisition, as the operations continue producing satisfactory results. The ICT and fishing divisions have built a strong platform for further organic growth and are positioned well to increase these investments by acquisition.

Amethst (Pty) Ltd. - Parallel arbitration negotiations to resurrect the Gauteng Department of Health and Social Development ("GDOHSD") hospital information system ("HIS") and electronic health record ("EHR") contracts are ongoing.

The continuous investment in long-term sustainable businesses is proving successful.

2012-04-17 15:11:59