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accentuate Profit survives mining chaos

March 1 2013 at 08:00am
By Roy Cokayne

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Accentuate’s interim headline earnings a share were virtually unchanged at R6.01 in the six months to last December, compared with R6.05 in the previous corresponding period, the AltX-listed infrastructure supplies company reported yesterday. Chief executive Fred Platt said the group had been able to maintain revenue, contain costs and increase profit for the period despite extremely difficult operating conditions exacerbated by strikes in the mining and transport sectors. Revenue inched up to R146.4 million from R143.3m, while operating profit rose by 2 percent to R10.1m and pretax profit grew to R9.3m from R8.7m. Platt said that Accentuate should benefit from the government’s infrastructure expenditure programme. He said the group continued to identify and consider potential acquisitions to expand and diversify. The shares leapt 10.29 percent to close at 75c. – Roy Cokayne


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