DigiCore Annual Results for the year ended 30 June 2007
Operating profit up 44%
Revenue up 36%
Earnings per share up 37%
It is with great pleasure that the Board announces sterling growth for six consecutive years.
Achieving a 37% growth in earnings per share whilst still building new markets was remarkable. The 36% increase in revenue is proof of our world class products and services, now delivered to 32 countries. We were simultaneously able to secure tenders from several blue chip companies, amongst others BHP Billiton and the South African Police Services, to be delivered during the coming year.
Financial results
Revenue rose by 36% to R440,6 million (2006: R323,2 million) while operating profit increased by 44% to R135 million as margins remain stable.
DigiCore’s services, information and control systems utilise wireless communication to manage remote assets such as vehicles, equipment and personnel – thus a total telemetric solution.