ISA Holdings feels profit pressure from change in revenue mix, but remains optimistic
The information security group says trends are still in its favour, but a shift to more product sales rather than projects put pressure on first-half profit
12 November 2021 - 14:20
Information security group and microcap ISA Holdings said it felt profit pressure in its first half to August amid a shift in its sales mix, but it remained confident about the longer-term prospects of its business.
Group turnover rose 8% to R31.8m in the group’s six months to end-August, but after-tax profit fell 14% to R6.69m, with the group saying its revenue mix shifted a bit to include more product sales, as opposed to the heavy concentration of higher-margin professional and managed service revenues in the prior comparative period...
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