PBT Group profit falls to ZAR612.7 million for year end

Prabashinee Moodley

South African data specialist, PBT group, has reported increase in its Total income for the financial year 2017 to ZARR612.7 million compared to ZAR543.1 million reported same period 2016.

Furthermore, the company’s Profit from operations lowered to ZAR 3.8 million in contrast to ZAR42.2 million recorded in 2016, profit attributable to owners of the Company decreased to ZAR2.5 million against ZAR10.1 million posted in 2016, while headline earnings per shares increased to 76.99 cents per share versus 5.81 cents per share reported in the year before.

Dividend Information

In accordance with the SENS announcement released on 26 May 2017, an excess payout was made post year end to PBT Group by Prescient Holdings Group. The cash portion of this excess payout amounted to ZAR26.2 million and, will be paid out to shareholders as a special dividend before or during the first week of August 2017 which details will be announced on SENS in due course. No dividend from normal commercial operations has been declared for the 6 months ended 31 March 2017.

Biannually, the directors consider the payment of a dividend, taking into account prevailing circumstances and future cash and capital requirements of the Group in order to determine the appropriate dividend in respect of a particular financial reporting period.

Company Information

With in-depth knowledge of business intelligence solutions and experience that spans more than two decades in over 25 countries, PBT Group has honed its expertise through engagement with most of the top 100 companies, answering to diverse needs to give clients not only a competitive edge, but also a sustainable advantage.

PBT Group has optimised its delivery successes by having an integrated skills base supported by specialised subsidiary companies and divisions. This enhances the company’s ability to provide end-to-end solutions to valued clients, giving them the benefit of a comprehensive service platform.

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