Reunert delivered another pleasing result in 2016 primarily evidenced by an increase of 12,7% in operating profit from continuing operations to R1 315 million (2015: R1 167 million). The improvement follows on from the 14,7% increase achieved in 2015, reflecting two years of double digit earnings growth from our core operations. NHEPS, after removing merger and acquisition and empowerment IFRS 2 – Share-based Payment transaction costs, increased by 16,5% to 662 cents per share (2015: 29%).
The growth in revenue, operating profit and in the earnings metrics are presented in the table below.
Measure |
Units | 2016 | 2015 | % |
| Revenue | R million | 8 511 | 8 300 | 3 |
| Operating profit (before interest, dividends and empowerment transactions) | R million | 1 315 | 1 167 | 13 |
Continuing operations |
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| Basic earnings per share | cents | 577 | 579 | – |
| Headline earnings per share | cents | 570 | 576 | (1) |
| Normalised headline earnings per share | cents | 662 | 568 | 17 |
All operations |
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| Basic earnings per share | cents | 577 | 604 | (4) |
| Headline earnings per share | cents | 570 | 588 | (3) |
| Normalised headline earnings per share | cents | 662 | 580 | 14 |
Group profileReunert manages a diversified portfolio of businesses in the fields of electrical engineering, information communication technologies (ICT), and applied electronics. The group was established in 1888, by Theodore Reunert and Otto Lenz, and has contributed to the South African economy in numerous ways over the past 128 years. Reunert was listed on the JSE in 1948 and is included in the industrial goods and services (electronic and electrical equipment) sector of the JSE. The group operates mainly in South Africa with minor operations in Australia, Lesotho, Sweden, the USA, Zambia and Zimbabwe. Group headquarters are located in Woodmead, Johannesburg, South Africa. |
Incorporated in the Republic of South Africa |
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Audited preliminary results 2016 - PDF