Demand for digital products pushes Etion’s profit up

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The specialist technology group says a R579m order book bodes well for it, including for its 2023 financial year

Specialist technology group Etion says robust demand for its digital services helped profits surge in its half-year to end-September, with the group also encouraged by a healthy order book.

Etion, which is listed on the JSE’s AltX , offers digital and cybersecurity services that are useful to banks, insurance companies, governments and businesses. Revenue from the continuing operations grew 181% to R387.9m, largely due to increased investment by Connect’s customers in infrastructure to support demand for fibre to homes and businesses and a surge in orders from Create’s local and international mining and defence customers, the group said.

 

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