Decreasing finance costs and lower inventory levels helped lift the financial performance of ICT hardware distributor Mustek, which said on Thursday revenue had grown 8.2% to R5.67bn in the year to end-June.Net asset value per share climbed 15.4% to R134.85, while net cash generated during the period rose 4.8% to R239.69m, the company said in a statement.The company reported decreased finance costs and improved inventory controls, adding that improving performance in associates Sizwe Africa IT Holdings and Yangtze Optics Africa also increased.The group disposed of vacant land during the period, as well as its 20% stake in Nigeria-based Zinox Technologies, for R14.4m. Weighted number of shares in issue also decreased about 15%, following R54.8m in share repurchases during the period.Mustek distributes personal computers including brands such as Lenovo and other technology products from firms such as Huawei. It also assembles all products for the Mecer brand."Although economic and mar...
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