MICROMEGA was "confident" that it would continue to generate strong headline earnings and dividends in the financial year to March 2016, the investment group said on Thursday.Micromega said it had delivered good results with "well above market growth in earnings and dividends" thanks to strong performances from its businesses.Headline earnings a share for the year to March jumped to 101.3c compared with 62.9c in the 15 months to March last year. Micromega changed its year end from December to March.Revenue breached the R1bn mark for the year, up from R907.5m for the previous 15 months. The group increased its dividend by 75%. It declared a final dividend of 35c on the back of increased cash flow from operations, which more than doubled to R151.5m from R74.1m.Cash-based earnings were the "holy grail for any business and it is a great testimony to the group operational executives that they have been able to achieve this while simultaneously meeting the demanding growth targets that ha...

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.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.