Dealers News South Africa

Mix Telematics EPS up 44%

Listed fleet-management and vehicle-tracking company Mix Telematics (MIX) announced an increase in revenue of 14.8% to R1.018bn for the year ended March 31.

Earnings per share (EPS) increased by 44.0% to 15.7 cents per share‚ and adjusted headline earnings per share (HEPS) increased by 33.3% to 18.8 cents per share.

Earnings before interest‚ tax‚ depreciation and amortisation (EBITDA) increased by 19.0% to R238m.

The company declared a dividend of 8 cents per share‚ a 33% increase.

"The 2012 financial year has been outstanding for the Mix Telematics Group. We broke through the billion-rand sales barrier for the first time‚ while our after-tax profit exceeded R100m‚ two fantastic milestones‚" CEO Stefan Joselowitz said.

The company's US operation showed top-line year-on-year growth of 200%.

Mix Telematics has customers in 111 countries.

Source: I-Net Bridge

For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.

We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.

Go to: http://www.inet.co.za
Let's do Biz