Jasco streamlines business, moves away from manufacturing

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Belgique Nouvelles Nouvelles

Growth seen in technology and renewable energy businesses

Even in the face of low economic growth locally, Mark van

Earnings before interest, tax, depreciation and amortisation were up 4% to R118.9m, but group earnings per share were 12.9c, with headline earnings per share at 10.7c.Vuuren told Business Day that the company was restructuring to focus on three main areas: information communication technology , power and renewable energy, as well as security and fire solutions.

Jasco’s plan is to move from a physical-product selling model to annuity-based income. The company plans to move from selling solar power-generation units, to rather build infrastructure that customers can lease for 15-20 years through a power-purchasing agreement.

 

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