Reunert has continued to execute its strategy and has pleasure in presenting results, that reflect further real growth for the six months ended 31 March 2017. Revenue increased by 10% from R4 022 million to R4 421 million and operating profits increased by 9% from R564 million to R616 million. These results were achieved in challenging operational circumstances in which the political and economic environment contributed to reduced economic growth and increased Rand volatility. In addition, the Applied Electronics segment experienced a lull in orders from a major export market while follow-up contracts were negotiated and concluded. The growth in revenue and operating profit as well as changes in the earnings metrics are presented in the table below.
| Measure | Unit | 6 months to 31 March 2017 |
6 months to 31 March 2016 |
% |
| Revenue | R million | 4 421 | 4 022 | 10 |
| Operating profit (before interest, dividends and empowerment transactions) | R million | 616 | 564 | 9 |
| Operating margin | % | 13,9 | 14,0 | (1) |
| Basic earnings per share | cents | 276 | 272 | 1 |
| Headline earnings per share | cents | 275 | 271 | 1 |
| Normalised headline earnings per share | cents | 292 | 282 | 4 |
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, Zambia and Zimbabwe. Group headquarters are located in Woodmead, Johannesburg, South Africa. |
Incorporated in the Republic of South Africa |
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Audited interim results 2017 - PDF