PBT Group said on Friday it was building a European business through a series of strategic partnerships, following its decision to exit its operations in the Middle East and Africa, bar SA. The company, which calls itself a provider of “business intelligence solutions”, said it had already signed strategic partnerships with four companies in the Netherlands and two in Ireland. “Negotiations with a British company are in an advanced stage,” it added. The partnerships would enable the group to be exposed to a combination of artificial intelligence, machine learning, data engineering, visualisation “and the relative cloud platforms”, PGT said in a statement. In the six months to end-September, the group’s total revenue from continuing operations declined marginally to R281m. But total profit after tax from continuing operations was R7.2m, from a loss of R1.6m the year before. Operating costs increased, mainly due to large once-off expenditures relating to the expansion into Europe, it ...
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