BUSINESS DAY TV: Jasco looking at some strategic bolt-on acquisitions
Jasco CEO Pete da Silva speaks about full-year resultsBUSINESS DAY TV: Electronics, IT and telecoms group Jasco has pulled itself up by its bootstraps and following a marathon turnaround plan posted a 164% jump in full year headline earnings. It’s also reinstated the dividend after a four-year hiatus following a big improvement in cash generated and a positive bank balance. Joining me now in the News Leader studio is CEO Pete da Silva.Pete...I talk about a marathon because it’s been a long time coming to see Jasco now in a cash generative, positive headline earnings position. But could it have been better given the state of the economy that we find ourselves in?Pete da Silva: Absolutely. I said to colleagues and friends that I would have liked to have a good economy after the restructure, but we’ve landed up with one of the worst years I’ve ever experienced in my career in terms of no growth and exchange rate volatility. So thank goodness that the restructure is largely behind us.BD...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.