Diversification strategy pays off for Jasco
Technology company says electrical manufacturing contributed to its improved performance as it countered negative market trends
Jasco managed to improve profitability by sacrificing unprofitable sales, the electronics firm said in its interim results statement on Tuesday. Revenue for the six months to end-December declined 7% to R521.1m while aftertax profit grew 5% to R15m. Headline earnings per share (HEPS) grew 10% to 6.28c. Jasco’s operational performance improved over the period despite a tough economic conditions, CEO Pete da Silva said. The company said electrical manufacturing, a big part of its revenue, contributed to the improved performance as it moved against negative market trends due to a diversification strategy that expanded the client base and increased sales volume.
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