Reunert is pleased to announce an improvement in its trading results for the past six months when compared to the comparative period. This was achieved despite the well-publicised adverse macro-economic conditions in the country and delays in the commencement of various national infrastructure projects. The improvement in the financial result is due to moderate growth in operations, a positive impact from exports, cost management and improved efficiencies.
Revenue from continuing operations increased by 2% from R3,9 billion to R4,0 billion, whilst operating profit increased by 12% from R503 million to R564 million.
Normalised headline earnings per share for the group, from continuing operations, increased by 12% from 239 cents to 268 cents. Basic earnings per share, on the same basis, increased by 11% from 246 cents to 272 cents and headline earnings per share increased by 12% from 242 cents to 271 cents.
Normalised headline earnings per share for the group, from all operations, increased by 3% from 261 cents to 268 cents. Basic earnings per share, on the same basis, decreased by 5% from 287 cents to 272 cents, whilst headline earnings per share increased by 2% from 265 cents to 271 cents. This will be the last interim period that discontinued operations from Nashua Mobile will be reported.
Group profileReunert manages a diversified portfolio of businesses in the fields of electrical engineering, information communication technologies (ICT), and applied electronics. The group was established in 1888, by Theodore Reunert and Otto Lenz, and has contributed to the South African economy in numerous ways over the past 128 years. Reunert was listed on the JSE in 1948 and is included in the industrial goods and services (electronic and electrical equipment) sector of the JSE. The group operates mainly in South Africa with minor operations in Australia, Lesotho, Sweden, the USA and Zimbabwe. Group headquarters are located in Woodmead, Johannesburg, South Africa |
Incorporated in the Republic of South Africa |
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Unaudited Interim Financial Report 2016 - PDF