AH-Vest interim results December 2018
Revenue for the interim period increased to R92.2 million (2017: R82.6 million), gross profit rose to R37.1 million (2017: R32.4 million) and operating profit grew to R5.6 million (2017: R4.3 million). Profit for the period attributable to equity holders of the company increased to R3.1 million (2017: R2.3 million). Furthermore, headline earnings per share was higher at 3.09 cents per share (2017: 2.27 cents per share).
No dividends were declared during the period. (HY2018: Nil).
Company future prospects
Ongoing load shedding, increasing labour costs and the uncertainty created because of infrastructural issues in the country continues to weigh down on business sentiment.
The business has experienced increases in the prices of key raw materials namely sugar, the cost of electricity and labour and the business's ability to pass on these increases continues to be a challenge.
The board believes that inflation will continue on an upward trajectory because of fuel, sugar taxes, increases in the price of electricity and high municipal costs.