Interim Group Results for the Six Months Ended 31 December 2018

Turnover for the interim period decreased to R667.2 million (2017: R676.2 million), gross profit increased to R405.8 million (2017: R392.5 million), profit from operations rose to R86.3 million (2017: R86.2 million), profit attributable to equity holders of the parent lowered to R45.1 million (2017: R47.5 million), while headline earnings per share grew to 29.89 cents per share (2017: 29.70 cents per share). 

Dividend
Ordinary dividend number 16, in respect of the year ended 30 June 2018, of 17.10 cents per share on a four times dividend cover ratio, was paid to shareholders on 25 September 2018. It is AdaptIT's policy to declare a dividend after financial year end and not at the interim reporting date. 

Outlook
Despite the current market conditions, our medium and longer-term outlook is optimistic as we continue to build upon the strong foundation we have established to create a sizeable, scalable, leading ICT business.