Cartrack full-year HEPS up 12% to 65c from 58c

Cartrack's (CTK) full-year headline earnings per share (HEPS) were up 12% to 65c in the year ended February from 58c in the year-earlier period, the company that provides stolen vehicle recovery services said in a statement on Monday, 25 May.

Overall revenue growth of 32% was recorded, with the proportion of revenue attributable to regions outside of SA increasing from 17% in 2014 to 26% in 2015.

A final dividend of 30c per share was declared from zero in the prior year.

During the financial year, Cartrack was awarded a prisoner tracking tender by the Singapore government and new offices were opened in Indonesia, Malaysia, Hong Kong, Thailand, UAE and the Phillipines.

The high vehicle recovery rate was maintained, with the South African audited rate at 93% form 94% in the prior year, with a record number of vehicles recovered, valued at some R450m, it said.

Cartrack has offices in 21 different countries.

Source: BDpro