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Business Report shows MiX Telematics is pleased with results during the tough economic climate

07 June 2010

MiX Telematics on Monday reported a 17.9 percent decline in diluted headline earnings per share to 10.1 cents for the year ended March 2010 from 12.3 cents a year ago. Revenue was 12.3 percent lower at R840.5 million, consisting of R477 million annuity and R379 million foreign currency revenue. Operating profit was 18.7 percent lower at R109.8 million.

 

The company's dividend increased by an impressive 25 percent to 5 cents per share.

 

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