The technology group says faster internet is boosting demand for devices that can take advantage of this
Mustek, an assembler and distributor of information and communications technology products, said on Friday it was optimistic about its prospects as SA consumers seek devices that can take advantage of faster internet speeds.
The group reported a 9.1% rise in headline earnings per share to 75.79c for its half-year to end-December, with group revenue rising 11.3% to R3.01bn. This was primarily as a result of strong growth in its Mecer brand, and new products and services added to its portfolio over the past six years. The group said its investments into new product lines such as networking equipment, sustainable energy and fibre were beginning to contribute meaningfully to product.
“The contributions from products such as Huawei are expected to continue growing and though the gross profit margin might be lower for these products, net profit should increase,” the statement read.
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