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Jasco’s Reflex dispute heads to arbitration

By: Natasha Odendaal     8th February 2019 A dispute over JSE-listed Jasco Electronics' majority ownership of Reflex Solutions by the fairly new addition’s minority shareholders is heading for arbitration. Jasco in November warned shareholders in its 2018 annual financial statements that the minority shareholders of Reflex Solutions have... 

Jasco achieves third consecutive profitable year

By: Natasha Odendaal     27th September 2018 JSE-listed Jasco Electronics has posted increases across the board for the year ended June 30, marking the third consecutive year the group has been profitable since bouncing back into the black in 2016. The group on Thursday posted earnings a share of 3.9c, an 8% rise on the prior year, while... 

Jasco acquires Ramm Technologies stake to bolster technology offering

By: Natasha Odendaal     23rd February 2018 JSE-listed Jasco Electronics has acquired a 51% stake in Ramm Technologies for R30.6-million in a deal that will allow it entry into asset-tracking markets through Internet of Things (IoT) platforms, as well as provide further growth in new sectors and several cross-selling opportunities. Ramm,... 

Jasco delivers weaker H1 results

By: Natasha Odendaal     12th February 2018 JSE-listed Jasco Electronics on Monday posted weaker first-half financial results as the company faces tough market conditions. For the six months ended December 31, Jasco reported an 81% decline in headline earnings per share (HEPS) to 1.2c and a fall of 68% in earnings per share (EPS) to 2c. 

Jasco FY17 earnings hit by ‘unusual items’ in tough market

By: Natasha Odendaal     13th September 2017 “Unusual items” have dealt a blow to the full-year earnings of JSE-listed Jasco Electronics as the group navigates a particularly tough environment. The group on Wednesday reported a 61% decline in both headline earnings and headline earnings a share to a respective R5.6-million and 2.5c apiece... 

Jasco acquires majority stake in Reflex

By: Natasha Odendaal     25th May 2017 JSE-listed Jasco Electronics has acquired a majority 51% stake in Johannesburg-based information technology (IT) managed services group Reflex Solutions for R39.8-million. The acquisition of Reflex, which recently expanded into fibre-to-the-home (FTTH) solutions, adding to a portfolio of hosted... 

Jasco delivers improved H1 results

By: Natasha Odendaal     14th February 2017 JSE-listed Jasco Electronics on Tuesday delivered what it called a “pleasing” first-half performance amid difficult economic conditions and a negative impact from the exchange rate. The group achieved nearly double-digit earnings growth during the six months to December 31, which it attributed to... 

Jasco targets internal strategy as company stabilises

By: Natasha Odendaal     26th September 2016 As smart technologies firm Jasco Electronics emerges from a milestone year that represented stability and consolidation, the JSE-listed group will focus on two levers of growth, in addition to its identified group focus areas, in a year set to be marred by worsening economic conditions. Despite... 

Jasco turns fortunes around in FY16

By: Natasha Odendaal     26th September 2016 JSE-listed Jasco Electronics on Monday declared a 2c a share dividend as it bounced back into the black with a triple-digit growth in earnings for the year ended June 30. The group’s profit for the year surged 119.2% to R15.9-million, compared with the loss of R82.8-million reported in the prior... 

Jasco retains strong turnaround growth in H1

By: Natasha Odendaal     10th February 2016 After bouncing back into the black last year, JSE-listed Jasco Electronics has continued its strong performance in the first half of the current financial year on the back of a strong order book and prudent cost management. Headline earnings and headline earnings a share for the six months to... 

Restructuring plan bearing fruit, Jasco expects further improvement

By: Leandi Kolver     18th February 2014 JSE-listed Jasco Electronics’ financial position improved during the six months ended December, with further improvement expected during the second half of the year, as a result of the company’s three-year restructuring drive, which would draw to a close at the end of the 2014 financial year,... 

Jasco earnings move into red, revenue passes R1bn mark

By: Natasha Odendaal     18th September 2013 JSE-listed Jasco Electronics on Wednesday reported a plunge in earnings for the 2013 financial year as it entered the final year of its three-year restructuring programme. The company posted a 98% fall in headline earnings a share to 0.3c apiece for the year ended June 30, compared with the 16.8c... 


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