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.


 
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