News

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

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

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

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

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

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