4Sight’s Strong H1 2023: Revenue Surges, Dividend Declared

  • 4Sight Holdings' H1 2023 revenue rises by 37.1%, reaching Rand 451.3 million, with operating profit surging by 121.1%.
  • Earnings per share (EPS) increase significantly, with headline EPS up by 197.2%, and dividend of 2.5 cents declared.
  • 4Sight's growth strategy focuses on digital transformation, integration of OT, IT, BE, and AI to enhance productivity.

Sight Holdings Limited (JSE: 4SI) has unveiled its unaudited condensed consolidated interim financial results for the first half of 2023, showcasing significant growth across key financial metrics. The company also made a noteworthy announcement regarding the declaration of an ordinary cash dividend, indicating its commitment to rewarding shareholders.

Impressive Financial Performance:

In a remarkable feat, 4Sight reported a substantial surge in its revenue for the first six months of 2023. The revenue figure soared to Rand 451.3 million, marking an impressive 37.1% increase from the previous year’s Rand 329.2 million during the same period.

The operational profit for 4Sight also displayed a commendable growth trajectory. The company’s operating profit reached Rand 26.8 million, showcasing a remarkable 121.1% surge from the Rand 12.1 million reported for the first half of 2022.

Furthermore, the earnings per share (EPS) metrics presented a striking growth story. 4Sight reported headline earnings per share of 3.828 cents, a remarkable increase of 197.2% compared to the 1.288 cents reported in the same period last year. Earnings per share also experienced a significant uptick, growing by 197.4% from 1.287 cents to 3.828 cents.

Dividend Declaration Signals Positive Outlook:

The announcement also revealed that the company’s Board of Directors had declared an interim ordinary gross cash dividend of 2.5 cents per ordinary share. This marks a significant development for 4Sight, as it hadn’t declared any dividends during the same period in the previous year. This move underlines the company’s confidence in its financial performance and its commitment to rewarding its shareholders.

The dividend payout is set to be from income related to prior periods and the six months concluding on 30 June 2023. The dividend distribution will be subject to local dividends tax of 20% for applicable shareholders. For shareholders subject to this tax, the net interim dividend amount for the first half of 2023 will be 2.0 cents per share, while those not subject to local dividends tax will receive the full 2.5 cents per share.

Forward-Looking Business Strategy:

4Sight’s strong financial performance aligns with its business strategy of Digital Transformation for Businesses. By integrating Operational Technologies (OT), Information Technology (IT), and the Business Environment (BE), the company aims to enhance productivity through the convergence of these domains and the eventual integration of Artificial Intelligence (AI).

The company’s growth strategy extends beyond technology integration. 4Sight’s Channel Partner (CP) network has been instrumental in expanding its presence in Africa and the Middle East. This network of over 800 partners enables the delivery of 4Sight’s technological services and solutions to clients. Moreover, the company’s Clusters, which focus on specific industries and offer unique IP solutions, have bolstered growth through domain expertise.

Dividend Timelines and Access to Information:

The dividend salient dates have been set as follows:

  • Last day to trade cum dividend: Tuesday, 12 September 2023
  • Shares trade ex-dividend: Wednesday, 13 September 2023
  • Record date: Friday, 15 September 2023
  • Payment date: Monday, 18 September 2023

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