Adapt IT sees FY earnings rising by 29%

Adapt IT sees FY earnings rising by 29%

South African technology group Adapt IT says it expects its headline earnings per share to increase by between 24 percent and 29 percent when it announces its annual financial results on 26 October. In a trading statement, AdaptIT said although the bourse listing requirements do not compel it to disclose these anticipated changes, it values transparency with its investors and other stakeholders. It expects earnings per share (EPS) to increase by between 9 percent and 14 percent.

Adapt IT provides specialised software and digitally led business services in the education, manufacturing, financial services, energy, communications and hospitality sectors. CEO Sbu Shabalala believes the group's diversification helped it during the pandemic and the national lockdown. By Telecompaper