ADvTECH final results December 2018
Revenue for the year increased 11% to R4.389 billion (2017: R3.938 billion), earnings before Interest, Taxation, Depreciation and Amortisation ("EBITDA") rose 14% to R942.1 million (2017: R823.3 million), profit for the year attributable to owners of the parent climbed 8% to R397.4 million (2017: R367 million), while headline earnings per share grew 7% to 73.6 cents per share (2017: 68.8 cents per share).
The board announced the declaration of a final gross dividend of 15.0 cents per share (2017: 19.0 cents per share) in respect of the year ended 31 December 2018. This brings the full year dividend to 30.0 cents per share (2017: 34 cents per share).
We continue to see numerous opportunities, both in South Africa and the rest of the continent, and the group remains in a uniquely strong position to pursue its growth strategy.
Our tertiary and resourcing divisions are well positioned and continue to perform strongly. Having significantly increased the scale of our schools division over the past four years, we have now entered the integration, consolidation and rationalisation phase, which we are confident will drive operational efficiencies and sharpen market focus.