{"id":550872,"date":"2006-11-21T06:48:01","date_gmt":"2006-11-21T06:48:01","guid":{"rendered":"http:\/\/localhost:8888\/wordpress\/technology\/550872-datapro-posts-227-profit-increase.html"},"modified":"2006-11-21T06:48:01","modified_gmt":"2006-11-21T06:48:01","slug":"datapro-posts-227-profit-increase","status":"publish","type":"post","link":"https:\/\/mybroadband.co.za\/news\/technology\/550872-datapro-posts-227-profit-increase.html","title":{"rendered":"DataPro posts 227% profit increase"},"content":{"rendered":"<p><font size=\"2\">The company\u2019s revenue increased 103% to R196m, while headline earnings a share were up 63% to 3,4c. CEO Douglas Reed attributed the positive results to the fact that the group was in a \u201chigh growth sector\u201d and had made acquisitions during the year under review. <\/font><\/p>\n<p><font size=\"2\">\u201cAnd we also have a very strong sales force,\u201d said Reed. He said these were the best results the group had delivered since inception in 1998. DataPro listed on AltX two years ago. <\/font><\/p>\n<p><font size=\"2\">The group has been rapidly expanding and now has a market capitalisation of about R360m. <\/font><\/p>\n<p><font size=\"2\">Reed said the group had doubled in size every year since the company\u2019s inception. \u201cWe want to be the preferred opposition to Telkom so we have a long way to go to get the right critical mass and size. But that is what our ambition is,\u201d he said. <\/font><\/p>\n<p><font size=\"2\">DataPro announced last week it had planned a R380m deal to take over privately owned Orion Telecoms, a specialist in least-cost routing and callback communications. <\/font><\/p>\n<p><font size=\"2\">Their combined strength would help both stand up to Telkom and other large, well-funded industry players that could cut their costs to protect their market positions, said DataPro last week. <\/font><\/p>\n<p><font size=\"2\">DataPro said the year under review had been characterised by numerous acquisitions, growth across all its core businesses, improved operational efficiencies and a substantial increase in its customer base. <\/font><\/p>\n<p><font size=\"2\">The group said @tlantic Internet Services, which focuses on the consumer market, had been successfully integrated into the DataPro Group. <\/font><\/p>\n<p><font size=\"2\">This had resulted in an increase in its subscriber base from 35411 to 40512. <\/font><\/p>\n<p><font size=\"2\">Other milestones this year, among other transactions, were the acquisition and integration of the data business of Netralink and the acquisition and integration of telecommunications solution provider BizCall. <\/font><\/p>\n<p><font size=\"2\">The group had also established its service centre, a centralised help desk infrastructure to provide customer support across its entire corporate and consumer customer base. <\/font><\/p>\n<p \/>\n","protected":false},"excerpt":{"rendered":"<p>ALTX-listed internet service provider DataPro Group yesterday reported record results, posting a 227% increase in net profit to R12,9m for the year to August.<\/p>\n","protected":false},"author":23,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_sma_x_autopost_status":"idle","_sma_x_autopost_error":"","_sma_x_post_id":"","_sma_facebook_post_id":"","_sma_instagram_post_id":"","_sma_threads_post_id":"","_sma_x_attempts":0,"footnotes":""},"categories":[17],"tags":[],"class_list":["post-550872","post","type-post","status-publish","format-standard","hentry","category-technology"],"_links":{"self":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/550872"}],"collection":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/users\/23"}],"replies":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/comments?post=550872"}],"version-history":[{"count":0,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/550872\/revisions"}],"wp:attachment":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media?parent=550872"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/categories?post=550872"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/tags?post=550872"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}