Tuesday, 13 November 2012

F.E.A.R Group Unaudited financial results for the year...

F.E.A.R Group
Unaudited financial results for the year ended 13 November 2012

Group President's Statement

1. Financial Performance
The Group's revenue achieved a favorable growth by 20%.
EBITDA rose by 2% to 18%.
Debt to Equity ratio improved from 38% to 12%.

2. Corporate Social Investment
The has adopted a policy to assist the youth in Engineering Entrepreneurship which will be implemented through the Technology Initiative Africa, TIA scheme.

3. Outlook
Group seeks to consolidate its foothold in Research and Design.
The Group continues its drive in making partnerships and consortia in the region.

4. Appreciation
I express my heartfelt appreciation to our strategic partners, management, staff, customers and other stakeholders for their commitment towards our shared values and vision.

Ittai Bryan
Group President 13 November 2012

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