AltX-listed software company Alliance Data Corporation (ADC) increased headline earnings per share 18.6% to 21.7c in the 12 months to February, from R19.72 million the previous year.
ADC`s main focus is human resources, payroll and time and attendance software, with its customers predominantly in the mining sector.
The group is also entering the mining supplies market, with the recent announcement that it has agreed to buy Sindele Mining Supplies for R27 million.
ADC`s CEO, Eugene de Kok, says that market is experiencing unprecedented demand.
Pre-tax profit for the period rose 21.8% to R6.36 million from R5.22 million previously, with a net profit of R4.87 million, up 33.4% from a previous R3.65 million.
This represents a net margin of 23.4%, meaning that for every rand of revenue, 23.4c went to the bottom line. The margin for the previous year was 18.5%.
ADC`s net asset value (NAV) per share at the end of the period, calculated on 22.5 million shares in issue, stood at 70c. At the end of February 2005, NAV per share was 189c on 20 million shares in issue.
De Kok says intangible assets decreased by R28.8 million, with the reversal being accounted for against non-distributable reserves on the balance sheet.
"Management have decided that, in line with future acquisition strategies, trademarks and intellectual property will not be valued in the balance sheet," he adds.
The ADC share closed 10c or 6.3% down at 150c yesterday. Only one trade took place, with 5 000 shares changing hands.
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