Mar 27 2019

Interim Group Results for the Six Months Ended 31 December 2018

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Adapt IT interim results 31 December 2018 Turnover for the interim period decreased to R667.2 million (2017: R676.2 million), gross profit increased to R405.8 million (2017: R392.5 million), profit from operations rose to R86.3 million (2017: R86.2 million), profit attributable to equity holders of the parent lowered to R45.1 million (2017: R47.5 million), while headline earnings per share grew to 29.89 cents per share (2017: 29.70 cents per share). DividendOrdinary dividend number 16, in respect of the year ended 30 June 2018, of 17.10 cents per share on a four times dividend cover ratio, was paid to shareholders on 25 September 2018. It is AdaptIT's policy to declare a dividend after financial year end and not at the interim reporting date. OutlookDespite the current market conditions, our medium and longer-term outlook is optimistic as we continue to build upon the strong foundation we have established to create a sizeable, scalable, leading ICT business. ...Read More
Aug 12 2018

WATCH: Pursuit of growth pays off for Adapt IT

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The pursuit of organic and acquisitive growth appears to have paid off for software provider Adapt IT. The company reported a 46% jump in turnover to R674m for the half year to end-December....Read More
Aug 01 2018

Adapt IT to report higher earnings - techcentral

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Shares in JSE-listed software company Adapt IT rose slightly on Wednesday afternoon after it said normalised headline earnings per share could increase by as much as 16% for the year ended 30 June 2018....Read More
Jul 05 2018

Adapt IT buy-back adds fizz to share rally

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Shares in software company Adapt IT, which has used surplus cash to buy back 3.1% of its own shares in recent months, have rebounded as much as 28% since the start of June....Read More
Jun 08 2018

CaseWare Africa launches XBRL Lite: effortless solution for successful iXBRL submissions

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On 1 July this year, South Africa moved to the XBRL digital reporting standard, as mandated by the Companies and Intellectual Properties Commission (CIPC)....Read More
Jun 03 2018

Adapt IT spends R38-million buying own shares

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Listed software company Adapt IT has repurchased almost five million of its own shares — about 3.1% of its issued share capital — over the past six months, taking advantage of a depressed share price....Read More
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