Financial 2013 results - Moving in the right direction

by Admin Admin | Oct 18, 2013

An indication that its business turnaround plan implemented in 2012 is beginning to bear fruit, JSE-listed IT company SecureData Holdings reported strong revenue growth and a return to profitability for financial year (“FY”) ending July 2013 on Friday.

SecureData Holdings specialises in the business of keeping the electronic data of the country’s largest corporations safe, available, and reliable. The group reports for two subsidiaries: SecureData Africa, which is a distributor of high quality security products, and SensePost, which provides penetration and vulnerability assessments, as well as training, to the company’s partners.

Revenue grew by 30% from R222.2m in 2012 to R289.7m in 2013. The majority of this came from SecureData Africa, which grew revenue from R189.2m in 2012 to R252.9m in 2013, representing growth of 33.7%.

SensePost grew revenue by 8.9% from R33.5m to R36.5m over the same period.

“The SecureData Africa revenue from outside of South Africa was particularly pleasing ”, says CEO Miles Crisp, and added, “The emerging markets business grew by 90% and now comprises 20% of our entire business”.

The business returned to profitability at operational level following the implementation of the turnaround strategy. Earnings before interest, taxes, depreciation, and amortisation (“EBITDA”) swung from a loss of R47.7m in 2012, to a profit of R0.039m in 2013. This was largely the result of higher revenues and a re-organistion of the product line-up that saw some products and services discontinued and new ones introduced.

EBITDA for SecureData Africa was -R0.259m representing an EBITDA margin of -0.1% and a major improvement on the R45.8m EBITDA loss incurred in 2012. SensePost grew EBITDA by 5% in 2013 to R8.4m from R8m in 2012. Margins declined slightly from 24% to 23.2% over the period. “I believe that we have struck the right balance between cutting unnecessary costs, and incurring new investment costs,” says Crisp, “so we think as the benefits of the changes come through for the full year going forward, we will steady improvement in the net margins”.

While group headcount was reduced from 140 to 104, payroll costs stayed largely the same as the composition of the workforce changed. The reduction of 36 people was made in the SecureData Africa team. “This business has always had sound technical skills, but during the period we brought in some experienced and high-calibre sales people to strengthen the team and improve the quality of the sales process,” says Crisp.

The net result saw the group post a profit for the year of R2.38m, which translated to headline earnings per share (“HEPS”) of 1c for 2013, following a HEPS loss of 15.2c in 2012. The business recapitalised itself by selling subsidiary SecureData Europe in 2012. A part of the proceeds were returned to shareholders by way of a capital reduction of 25cps in the previous financial year (equal to R61.6m) which was only paid out in the current financial year. This explains why the net cash position of the group now stands at R14.3m vs. 2012’s R89.6m.

Commenting on the performance, Crisp said, “We are satisfied that we have made progress this financial year in stabilising the business. After we conducted our review of the business last year and began implementing changes, we think we now have the right products, services, and people to take the business forward in the coming years”.

146 comments

Leave a comment
  1. jhonson | Mar 29, 2017

    weight loss program

    Samira Laser Clinic in Scarborough should be your only choice for laser hair removal. Our precision equipment carefully removes your hair while keeping your skin soft and glowing. We specialize in laser hair removal, facials and microdermabrasion. We also perform waxing and sell laser hair removal machines! At Spa Samira Laser Clinic, our number one priority is customer satisfaction. Highly experienced staff, certified aestheticians, and competitive prices are among reasons why our clients choose us. With services ranging from facial peels and waxes, to laser treatments and permanent hair reduction, we strive to exceed your expectations by offering exceptional customer service, employing state-of-the-art technology and using top-of-the-line products. Contact us to schedule an appointment, and one of our aestheticians will be happy to talk to you.

  2. jhonson | Mar 27, 2017

    3 week diet

    This is a wonderful article, Given so much info in it, These type of articles keeps the users interest in the website, and keep on sharing more ... good luck.

  3. jhonson | Mar 25, 2017

    link building service

    Pretty good post. I just stumbled upon your blog and wanted to say that I have really enjoyed reading your blog posts. Any way I’ll be subscribing to your feed and I hope you post again soon.

  4. jhonson | Mar 23, 2017

    disc

    Awesome blog. I enjoyed reading your articles. This is truly a great read for me. I have bookmarked it and I am looking forward to reading new articles. Keep up the good work!

  5. Ajmer | Mar 21, 2017
    Escort Ajmer, Nice blog, i like your opinions and thoughts, Thanks for share with us.
  6. Zaotnoder | Mar 20, 2017

    Great post! I am actually getting ready to across this information, is very helpful my friend. Also great blog here with all of the valuable information you have. Keep up the good work you are doing here.

    192.168.l.l

  7. Fedorase | Mar 20, 2017

    Thanks for sharing this information. I really like your blog post very much. You have really shared a informative and interesting blog post with people.

    192.168.0.1

  8. jhonson | Mar 20, 2017

    pr app

    I wish to show thanks to you just for bailing me out of this particular trouble.As a result of checking through the the net and meeting techniques that were not productive, I was thinking my life was done.

  9. jhonson | Mar 19, 2017

    nova scotia student loan

    Your work is very good and I appreciate you and hopping for some more informative posts. Thank you for sharing great information to us.

  10. paradisdeco | Mar 17, 2017
  11. stewart ouis | Mar 13, 2017
  12. Jasa | Mar 11, 2017
  13. jhonson | Mar 10, 2017

    balimagictour.com/bali-tour-packages.php

    We are really grateful for your blog post. You will find a lot of approaches after visiting your post. Great work.

  14. jhonson | Mar 10, 2017

    balimagictour.com/bali-tour-packages.php

    We are really grateful for your blog post. You will find a lot of approaches after visiting your post. Great work.

  15. Robinjack | Mar 10, 2017
    I can see that you are a specialist at your field! I am propelling a site soon, and your data will be exceptionally valuable for me.. A debt of gratitude is in order for all your assistance and wishing all of you the accomplishment in your business.  Text Your Ex Back
  16. jhonson | Mar 09, 2017

    free pr

    Such a very useful article. Very interesting to read this article.I would like to thank you for the efforts you had made for writing this awesome article.

  17. jhonson | Mar 09, 2017

    Custom logo USB flash drives

    I was actually looking for another type of a post, and then i found this page. I can say that your post is very helpful, relevant and quite interesting. Its a privilege that i was among the people that got to see it.

  18. jhonson | Mar 08, 2017

    fat diminisher system reviews

    I’m excited to uncover this page. I need to to thank you for ones time for this particularly fantastic read!! I definitely really liked every part of it and i also have you saved to fav to look at new information in your site.

  19. jhonson | Mar 07, 2017

    google sniper review

    Welcome to FreshStart Cleaning Service! We are the most reputable carpet cleaning firm in the Daphne, Baldwin, Mobile and Escambia area. We pride ourselves in providing the most thorough carpet cleaning, upholstery cleaning, tile and grout cleaning and water extraction services.

  20. fatihin nurul | Mar 07, 2017
    Toko Plat BordesToko Plat BordesPabrik bondekToko Wiremesh BesiPabrik besi unpundangan pernikahan cantikDistributor Besi HollowJual Besi Hollow BajaToko besi hollowDistributor besi beton Sni Ulir PolosAgen Plat BordesAgen Plat BordesPabrik Plat kapal besi baja bki krakatau steelAgen Wiremesh BesiPabrik besi sikuundangan pernikahan simpleDistributor WiremeshHarga Besi Hollow BajaAgen besi hollowDistributor besi beton aisPabrik Plat BordesPabrik Plat BordesPabrik besi sikuPabrik Wiremesh BesiPabrik Plat besi plat kapalundangan pernikahan mewahDistributor Besi Pipa Baja Schedule 80Pabrik Besi Hollow BajaPabrik besi hollowDistributor besi betonDistributor Wiremesh BesiDistributor Wiremesh BesiPabrik pipa besi baja sch 40 sch 80Distributor Atap SpandekPabrik besi h beam bajaundangan pernikahan cuteDistributor Besi Pipa Baja Schedule 40Distributor Besi BetonDistributor pipa besijasa konstruksi bajaHarga Wiremesh BesiHarga Wiremesh BesiPabrik Plat besiHarga Atap SpandekPabrik besi cnpundangan pernikahan biruDistributor Pipa Besi Hitam MediumSupplier Besi BetonHarga pipa besiwww.pusatbesibaja.co.idJual Wiremesh BesiJual Wiremesh BesiPabrik besi h beamJual Atap Spandekwww.gudangbesibaja.comundangan pernikahan buatan sendiriDistributor Besi WfAgen Besi BetonJual pipa besiwww.pusatbesibaja.comSupplier Wiremesh BesiSupplier Wiremesh BesiPabrik besi wfSupplier Atap SpandekDistributor besi Wf Bajaundangan pernikahan bahasa inggris islamDistributor Besi H beamToko Besi BetonSupplier pipa besiwww.jualbesibajamurah.comToko Wiremesh BesiToko Wiremesh BesiPabrik wiremeshToko Atap SpandekDistributor bondekundangan pernikahan amplop suratDistributor Besi BetonJual Besi BetonToko pipa besiJual besi beton Sni Ulir Polos polos ulirAgen Wiremesh BesiAgen Wiremesh BesiPabrik besi unpAgen Atap SpandekDistributor wiremeshundangan pernikahan unik dan murahwww.sentrabesibaja.comHarga Besi BetonAgen pipa besiJual besi beton siiPabrik Wiremesh BesiPabrik Wiremesh BesiPabrik besi cnpPabrik Atap SpandekDistributor pipa besi baja sch 40 sch 80undangan pernikahan eleganJual Welded Beam T beam King Queen Cross Castellated BeamPabrik Besi BetonPabrik pipa besiJual besi beton psi Ulir PolosDistributor Atap SpandekDistributor Atap SpandekPabrik besi hollowDistributor Bondek CorDistributor besi hollowundangan pernikahan animasiJual Bondek CorDistributor Besi Wf BajaDistributor sch 40Jual besi beton perwiraHarga Atap SpandekHarga Atap SpandekPabrik besi beton Sni Ulir PolosHarga Bondek CorDistributor besi beton Sni Ulir Polosundangan pernikahan lucuJual Atap Spandek SniSupplier Besi Wf BajaHarga sch 40Jual besi beton PASJual Atap SpandekJual Atap Spandekironsteelcenter.comJual Bondek CorDistributor besi wf bajaundangan pernikahan kalenderJual Plat Bordes KembangAgen Besi Wf BajaJual sch 40Jual besi beton master steel msSupplier Atap SpandekSupplier Atap SpandekDistributor stainless steelSupplier Bondek CorDistributor besi unpundangan pernikahan ala indiaJual Plat Besi HitamToko Besi Wf BajaSupplier sch 40Jual besi beton kstyToko Atap SpandekToko Atap SpandekDistributor atap spandekToko Bondek CorDistributor besi sikuundangan pernikahan klasikJual Plat Kapal Bki Krakatau SteelJual Besi Wf BajaToko sch 40Jual besi beton krakatau steel ks undangan pernikahan kalenderundangan pernikahan bahasa inggris islamundangan pernikahan islamiundangan pernikahan unik dan murahundangan pernikahan modernundangan pernikahan onlineundangan pernikahanundangan pernikahan amplop suratundangan pernikahan simpleundangan pernikahan murahundangan pernikahan unikundangan pernikahan artisundangan pernikahan modernundangan pernikahan artisundangan pernikahan arabundangan pernikahanundangan pernikahan3333
  21. jhonson | Mar 07, 2017

    custom controllers

    found this review helpful. Was this review helpful to you?

  22. jhonson | Mar 06, 2017

    voyance-amour-eternel.com

    dévoués et prêts à vous aider concrètement. Une voyance amour ne saurait être réalisée sans un investissement réel de la part de votre voyant(e), sans un don véritable qui se traduit par l'apport d'une sérénité et d'une confiance ravivées.

  23. jhonson | Mar 06, 2017

    Visit the blue mountains

    I just got to this amazing site not long ago. I was actually captured with the piece of resources you have got here. Big thumbs up for making such wonderful blog page!

  24. jhonson | Mar 05, 2017

    private equity

    I just got to this amazing site not long ago. I was actually captured with the piece of resources you have got here. Big thumbs up for making such wonderful blog page!

  25. SS | Mar 04, 2017
    Hi. I discovered your online journal utilizing msn. This is a to a great degree elegantly composed article. I will make sure to bookmark it and come back to peruse a greater amount of your helpful data. A debt of gratitude is in order for the post. I'll absolutely rebound.  His Secret Obsession
  26. jhonson | Mar 04, 2017

    picture editor

    The article has actually peaks my interest. I am going to bookmark your web site and maintain checking for brand new information.

  27. Admin | Mar 04, 2017
  28. jhonson | Mar 03, 2017

    direktinvestment

    I was very pleased to find this site.I wanted to thank you for this great read!! I definitely enjoying every little bit of it and I have you bookmarked to check out new stuff you post.

  29. Croc | Mar 03, 2017
  30. Arnold | Mar 02, 2017
    I've been surfing online over three hours today, yet I never discovered any fascinating article like yours. It's really sufficiently worth for me. As I would like to think, if all website admins and bloggers made great substance as you did, the web will be significantly more helpful than any other time in recent memory.  mobile network not available
  31. dylan chirs | Mar 02, 2017

    Amazing publish! This posting really inspire me a lot and enjoyed specific things on it. Thanx much

    fitjackets.com

  32. Georgia Rogers | Mar 01, 2017
    In case you are interested by sustainability and need a inexperienced choice to your subsequent House Painting  task. One very thrilling kind is milk paint, which typically comes in powder shape, and is blended with water earlier than use. In Toronto, this could be purchased from House Painting  corporation.
  33. jhonson | Mar 01, 2017

    picture editor\

    I researed valuable information on this point as I am working on a class project. Thank you posting useful information and its now becoming easier to accomplish this task.

  34. Austin micheal | Feb 28, 2017
    There are so many good think in our entire life but we will keep doing a good successful life according to good management Research Papers

  35. jhonson | Feb 28, 2017

    Autodetail

    This is a great post. I like this topic.This site has lots of advantage.I found many interesting things from this site. It helps me in many ways.Thanks for posting this again.

  36. a10 | Feb 28, 2017
    You’ve written nice post, I am gonna bookmark this page, thanks for info. I actually appreciate your own position and I will be sure to come back here. 8 ball pool, animal jam, a10, color switch
  37. jhonson | Feb 28, 2017

    دانلود فیلم لاک قرمز

    دانلود فیلم لاک قرمز​, دانلود رایگان فیلم لاک قرمز, دانلود فیلم جدید, دانلود فیلم و سریال با لینک مستقیم, دانلود فیلم های جدید و برتر, دانلود رایگان فیلم و سریال با لینک مستقیم

  38. Poli | Feb 27, 2017
    Perusahaan dengan teknik Jasa Seo berkualitas bagi anda. Hanya master Jasa SEO profesional yang punya. Sebab, mereka memiliki layanan jasa SEO murah. Juga menjadi tim JASA SEO no 1 Google.
  39. jhonson | Feb 26, 2017

    free pr

    I am very happy to read this article .. thanks for giving us go through info.Fantastic nice. I appreciate this post.

  40. jhonson | Feb 26, 2017

    Kou Tea

    Good post but I was wondering if you could write a litte more on this subject? I’d be very thankful if you could elaborate a little bit further. Appreciate it!

  41. jhonson | Feb 26, 2017

    St. Louis Orthotics \

    Prescription St. Louis orthotics look like insoles

  42. Austin micheal | Feb 25, 2017
    Sometime we really need to observe doing something really amazing but we will ask something better in order to maintain a successful life to place we need  Custom assignment writing help

  43. jhonson | Feb 25, 2017

    geschlossene fonds

    I am very happy to read this article .. thanks for giving us go through info.Fantastic nice. I appreciate this post.

  44. jhonson | Feb 25, 2017

    d9 clube investment

    I thought it was going to be some boring old post, but it really compensated for my time. I will post a link to this page on my blog. I am sure my visitors will locate that extremely useful

  45. jhonson | Feb 24, 2017

    child actor la

    I was actually looking for another type of a post, and then i found this page. I can say that your post is very helpful, relevant and quite interesting. Its a privilege that i was among the people that got to see it.

  46. jhonson | Feb 24, 2017

    jasa seo murah

    Bagi anda yang menggeluti bisnis online, pastikan bisnis anda berjalan lancar dengan bertambahnya order maupun visitor ke website anda.

  47. jhonson | Feb 23, 2017

    top boutique pr firms

    I was actually looking for another type of a post, and then i found this page. I can say that your post is very helpful, relevant and quite interesting. Its a privilege that i was among the people that got to see it.

  48. jhonson | Feb 21, 2017

    google sniper reviews

    Keep posting article like this. It is fun. Nice photography too!

  49. jhonson | Feb 21, 2017

    Rolab Hoverboard

    You know your projects stand out of the herd. There is something special about them. It seems to me all of them are really brilliant!

  50. jhonson | Feb 20, 2017

    travel course

    love the humor your post has offered. I enjoyed this site a lot. Keep posting article like this. It is fun. Nice photography too!

    Leave a comment