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Ecsponent’s full-year revenue soars
Financial services group Ecsponent is reporting huge growth for headline earnings per share for their full year earnings to the end of June. Full year revenue from continuing operations increased by 45 per cent to R466 million and HEPS more than doubled to 6.99c per share. Joining CNBC Africa for more is Terence Gregory, CEO, Ecsponent.
Tue, 18 Sep 2018 15:08:46 GMT
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AI Generated Summary
- Ecsponent reports a 45% increase in full-year revenue, reaching R466 million, and a doubling of headline earnings per share to 6.99c per share.
- The company's strategic focus on funding large SMEs and enterprise development has positioned them for success in a market plagued by a shortage of funding and skills.
- Ecsponent successfully raises capital through institutional funding and preference shares, a testament to their well-designed products and track record of compounded growth.
Financial services group Ecsponent is defying the odds with remarkable growth in their full-year revenue and headline earnings per share for the year ending June. The company reported a substantial 45 per cent increase in full-year revenue from continuing operations, reaching a total of R466 million. Moreover, their headline earnings per share more than doubled, soaring to an impressive 6.99c per share. Terence Gregory, the CEO of Ecsponent, attributes this strong performance to their consistent triple-digit compounded annual growth over the past five to seven years. He emphasizes the opportunities that arise during economic downturns, such as the recent recession in South Africa, which create a demand for funding in the market. Ecsponent's strategic focus on funding large SMEs and driving enterprise development has positioned them for success in a market plagued by a shortage of funding and skills. Their clear credit model and emphasis on upskilling and integrating themselves in the supply chain have not only contributed to their own success but also to the growth and development of the SME sector. The company has also successfully raised capital, with institutional funding of 16 million US dollars and 1.6 billion rand through their preference share program. Ecsponent's ability to attract capital is a testament to the strength of their well-designed products and their proven track record of compounded growth. As the CEO, Terence Gregory, aptly puts it, the path to success lies in providing value-added solutions to all stakeholders in the supply chain. Ecsponent's success story serves as a ray of hope in a challenging economic landscape, highlighting the potential for growth and development at lower levels of the economy, even in the midst of macro-level challenges.
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