Mazor final results February 2019

Revenue declined to R399 million (February 2018: R426.5 million). The group recorded an operating loss of R20.8 million (February 2018: operating loss R1.9 million). A headline loss of R16.1 million resulted in a headline loss per share of 15.3 cents compared to a headline loss of R0.8 million and HEPS loss of 0.8 cents at February 2018.

No dividend was declared for the year in light of the losses incurred by the group.

Company prospects
Looking ahead we have not changed our outlook as stated at interim results in August last year and continue to remain cautious. We remain hopeful of an improved macroeconomic environment, which would aid recovery in our sector. We will continue to focus on margins, costs and efficiencies in pursuit of our long-term objective of sustainable profitability, irrespective of the immediate to mid-term economic landscape.

2019-05-14 14:37:51