AYO's asset base now exceeds R5 billion | IOL Business Report

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The company has paid more than R200m in dividends over the past couple of years, continuing to deliver value to its shareholders, including the PIC. busrep

CAPE TOWN – JSE-listed ICT company AYO Technology Solutions , has grown its asset base to more than R5 billion. This is according to its latest financial statement and is despite the difficult environment the group has had to operate in over the last 18 months.

The company has paid more than R200 million in dividends over the past couple of years, continuing to deliver value to its shareholders, which includes the Public Investment Corporation . A maiden interim dividend of 35 cents per share, amounting to R120m, was paid to shareholders during the year under review.

A final dividend of 16c per share was approved by the board of directors in December for the year ended August 2019, according to the financial statement. The company’s chief executive, Howard Plaatjes, said he was humbled by the great effort and contributions by the more than 1 000 employees to help the company grow its asset base, especially considering the tough period it has been through.

 

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busrep I like Dr Surve & his work, please do me &all your other fanatics a favor by not letting his media interests position themselves as PR platforms for his other projects, I stopped supporting eNCA for that reason back in 2014.

busrep Did the company repay PIC for that load?

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