Alviva final results June 2018

Revenue for the year increased to R13.629 billion (2017: R12.811 billion), gross profit rose to R2.409 billion (2017: R2.273 billion), EBITDA lowered to R820.5 million (2017: R824.1 million), while net profit for the year attributable to owners of the company climbed to R421.7 million (2017: R405.3 million). Furthermore, headline earnings per ordinary share grew to 273.2 cents per share (2017: 243.9 cents per share).

A final dividend of 27 cents per ordinary share for the year ended 30 June 2018 has been declared by the Board of Directors of the Company.

Company prospects
The outlook for the year to 30 June 2019 remains uncertain with the South African economy facing significant challenges. As the Group is primarily exposed to this market, it is of concern to us.

Notwithstanding, we are confident that we will see a positive impact from the recent acquisitions and the diversification strategies implemented throughout the year in Centrafin and investments made into cybersecurity, outsourcing and managed services. The renewable energy outlook is more positive and the order book in this division has improved significantly. In addition, market demand is providing the Fibre division with good opportunities and is performing ahead of expectations.

The Group is well positioned to take advantage, with sufficient cash resources and facilities available, of any commercial opportunities that may arise locally or outside the borders of South Africa.

2018-09-05 16:01:12