Information technology conglomerate Adapt IT has shrugged off tougher trading conditions to raise its gross dividend 23%, to 13.7c. In the results to end-June released on Monday, Adapt IT CEO Sbu Shabalala said the group had been consistent in pursuing diversification through an organic and acquisitive growth strategy. "This has contributed to this positive set of results in the face of challenging market conditions." The dividend was covered a conservative four times by headline earnings of 59c per share, which hints that Adapt IT — which services the education, manufacturing, energy and financial services sectors — may still have more acquisitions or growth opportunities to pursue. Commentary accompanying the year-end figures noted the group wished to retain a substantial proportion of its profit for growth activities. Shabalala said that while market conditions were tough, Adapt IT’s outlook remained positive. Its strategy was aimed at creating a global specialised software busin...

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