PSG Konsult final results February 2019
Total income for the year grew to R4.6 billion (2018: R4.2 billion) and profit for the year attributable to owners of the parent rose to R602.2 million (2018: R566.5 million). In addition, headline earnings per share increased to 45.6 cents per share (2018: 43 cents per share).
Given the solid performance of the group, the board decided to approve and declare a 10% increase in the final gross dividend of 13.5 cents per share (2018: 12.3 cents per share) from income reserves for the year ended 28 February 2019. This brings the full-year increase in the total dividend to 14%. The group's strong cash flow generation supports the current dividend increase, with this year's dividend payout ratio of 45% at the midpoint of the 40% to 50% dividend policy range that was announced at the time of listing.
We continue to monitor the corporate, political and economic situation, both locally and globally, and the associated impact on our clients and other stakeholders.
The cash-generative nature of the business gives PSG Konsult several options for funding business growth initiatives and optimising risk-adjusted returns for our shareholders. As such, the group remains confident about the prospects for continued growth. The group will continue to prioritise organic growth in our selected markets where we have a relatively low, but rapidly expanding market share.
The group will continue to focus on initiatives that enable us to service clients in an integrated manner that is seamless and market-leading. The group's focus on products, platforms, client service excellence and the quality of its advice process remains a key initiative.