{"id":12557,"date":"2021-06-23T17:17:14","date_gmt":"2021-06-23T17:17:14","guid":{"rendered":"https:\/\/www.africa-press.net\/south-africa\/?p=12557"},"modified":"2021-06-23T16:02:28","modified_gmt":"2021-06-23T16:02:28","slug":"capital-appreciations-full-year-arnings-show-a-decline","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-africa\/all-news\/capital-appreciations-full-year-arnings-show-a-decline","title":{"rendered":"Capital Appreciation\u2019s full-year arnings show a decline"},"content":{"rendered":"

Africa-Press<\/a> – South-Africa<\/a>. <\/strong><\/span>JSE-LISTED financial technology company Capital Appreciation yesterday reported a full-year earnings decline, largely due to the delayed delivery of a substantial order of terminals after the year-end cut-off period.<\/p>\n

As a result, the group reported an 11.1 percent decline in headline earnings to R126.4 million for the year to end March and a 3.1 percent decline in headline earnings per share to 10.34 cents a share while earnings per share fell by 8.5 percent to 10.28c. Its revenue declined by 11.7 percent to R619.5 million and earnings before interest, tax, depreciation and amortisation (Ebitda) declined by 15.5 percent to R172.9m.<\/p>\n

Joint chief executive Brad Sacks said the company\u2019s operations performed extremely well under the circumstances of generally declining economic conditions compounded by the Covid-19 outbreak. \u201cWe attracted new customers locally and abroad, gained strong traction in the roll-out of our Android platforms, launched new products and accelerated our annuity income. This and stringent cost control resulted in healthy cash generation,\u201d Sacks said.<\/p>\n

The group increased its cash generation by 6.6 percent to R538.3m and declared a final dividend of 300c, bringing the total dividend to 550c, up by 10 percent compared to last year.<\/p>\n

Sacks said the financial impact of the pandemic resulted in a reduced number of retail merchants serviced through their banking clients.<\/p>\n

\u201cGiven the economic uncertainty, many of our institutional clients adopted a cautious \u2018wait and see\u2019 attitude towards infrastructure expansion and capital expenditure. \u201cEach of our divisions retained existing clients and attracted several new high-profile clients. We have been pleased by the recovery in activity since the start of the 2021 calendar year,\u201d he said.<\/p>\n

The group\u2019s payments division reported a 21.5 percent decline in revenue to R397.4m and a 13.2 percent decline in Ebitda to R140.4m while profit after tax declined by 2.6 percent to R112.3m, mainly due to Covid-19-related impacts. However, the group said the division grew market share with customers increasing terminals held by 17 percent to more than 217 000 units.<\/p>\n

The division\u2019s Ebitda increased by 6.8 percent to R57.5m and profit after tax by 2.8 percent to R37.9m. Capital Appreciation\u2019s shares rose by 0.86 percent to close at R1.17 on the JSE yesterday.<\/p>\n

[email protected]<\/p>\n

BUSINESS REPORT<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – South-Africa. JSE-LISTED financial technology company Capital Appreciation yesterday reported a full-year earnings decline, largely due to the delayed delivery of a substantial order of terminals after the year-end cut-off period. As a result, the group reported an 11.1 percent decline in headline earnings to R126.4 million for the year to end March and […]<\/p>\n","protected":false},"author":84,"featured_media":12556,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8],"tags":[274,315,275],"class_list":["post-12557","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","tag-africa-press","tag-africa-press-south-africa","tag-south-africa-2"],"yoast_head":"\nCapital Appreciation\u2019s full-year arnings show a decline - South Africa<\/title>\n<meta name=\"description\" content=\"JSE-LISTED financial technology company Capital Appreciation yesterday reported a full-year earnings decline, largely du ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/capital-appreciations-full-year-arnings-show-a-decline\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Capital Appreciation\u2019s full-year arnings show a decline\" \/>\n<meta property=\"og:description\" content=\"JSE-LISTED financial technology company Capital Appreciation yesterday reported a full-year earnings decline, largely du ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/capital-appreciations-full-year-arnings-show-a-decline\" \/>\n<meta property=\"og:site_name\" content=\"South Africa\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2021-06-23T17:17:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2021\/06\/img-60d35afa7d1d9.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"405\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/capital-appreciations-full-year-arnings-show-a-decline#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/capital-appreciations-full-year-arnings-show-a-decline\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Capital Appreciation\u2019s full-year arnings show a decline\",\"datePublished\":\"2021-06-23T17:17:14+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/capital-appreciations-full-year-arnings-show-a-decline\"},\"wordCount\":371,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/capital-appreciations-full-year-arnings-show-a-decline#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2021\/06\/img-60d35afa7d1d9.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-South-Africa\",\"South-Africa\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/south-africa\/all-news\/capital-appreciations-full-year-arnings-show-a-decline#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/capital-appreciations-full-year-arnings-show-a-decline\",\"url\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/capital-appreciations-full-year-arnings-show-a-decline\",\"name\":\"Capital Appreciation\u2019s full-year arnings show a decline - 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