FLOORING and infrastructure services specialist Accéntuate is managing to grow its earnings, thanks to very effective cost management and a patient roll-out of its new businesses, says CEO Fred Platt. Accéntuate achieved strong results for the year to June, increasing revenue 1.3% to R322.7m and gross profit 2.6% to R162.1m. The company’s diluted headline earnings per share climbed from R0.05 to R5.73. "Our ongoing focus on containing costs meant operating expenditure fell 3.7% compared with the previous year. Our operating profit increased to R13.4m," said Platt. He said the AltX-listed manufacturing group had to place most of its focus on cost containment while macroeconomic conditions were poor in SA. "Macroeconomic conditions are stacked against us and will continue to be for some years yet. We are looking at cost structures constantly in order to sustain profit growth. As long as we keep our costs down, we will have room to look for business in other markets," said Platt. Accén...
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