Johannesburg - Reunert yesterday reported that basic earnings a share from all operations had halved in the year to September to 604c, compared with last year, due to the sale of its Nashua Mobile asset.
The JSE-listed diversified electronics company delivered a solid performance in the financial year, despite the challenges in the current macroeconomic environment.
“The economic growth rates achieved by the South African economy have slowed materially from those forecast for 2015 and are not expected to improve in the medium term,” the company said.
Revenue rose 7 percent in the year under review to R8.3 billion compared with R7.78bn last year.
A gross final cash dividend of 302c a share was declared, up from 275c a share last year, from income reserves. Shares gained 3.57 percent to close at R71.46.
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