This is the first year in which MiX Telematics have been included in the Top Companies survey and is attributed to the earnings growth experienced over the past year, pushing the market capitalization to R1.2 billion, above the R1 billion minimum for inclusion in the survey. The annual survey showcases companies that have excelled in spite of prevailing challenging market conditions and have outperformed their respective sectors.
MiX Telematics recently released their final results for the year ended 30 June 2012, which saw revenue increase by 14.7% and operating profit grow by 24.8%. Adjusted headline earnings and earnings per share also rose by 33.3% and 44.4%, respectively.
“We are honoured to be recognized in this year’s survey and believe our ability to deliver ongoing, tangible value to customers is at the heart of our success. We do this through a comprehensive range of commercial and consumer products and services, delivered by dedicated employees to customers all around the world” said Stefan Joselowitz, CEO of MiX Telematics. “An accolade such as this, from an outside accredited source, substantiates the achievement even more.”