SecureData

SecureData Holdings, a provider of information security and risk management products, on Wednesday reported diluted headline earnings per share of 2.9 cents for the year ended July 31, from 4.7 cents earlier. The group reported diluted earnings per share of 2.9 cents, from 4.7 cents earlier, while adjusted EPS was at 11.7 cents per share from 10.9 cents in 2008. Revenue increased 71% to R464.6-mn, from R271.3-mn previously. Profit from operations was at R42.4-mn from R27.7-mn earlier. EBITDA was up 57% to R57.3-mn, SecureData said.
The SecureData CEO said: "I believe this is a solid performance after a poor 1st half. Although the economic operating environment remains volatile, the company has historically proven to be resilient to the economic cycle. SecureData is firmly positioned to exploit its advantages in its selected markets."
Looking ahead, SecureData said it continues to gain market share in the markets in which it trades, and has become a significant IRM presence in the Europe/Africa region. "Debt levels have decreased to more comfortable levels and operating margins are improving. Cash and working capital management continue to be focus areas and the group remains cash generative". "The board believes the group is well positioned to take advantage of attractive opportunities within the IRM sector well into the future," it concluded.