Unaudited quarterly financial results for period ending 13 February 2012
Group President's Statement
1. Financial Performance
The Group's revenue achieved a favorable growth of 5%.
EBITDA fell by 0.3 % to 17.7%.
Debt to Equity ratio remained unchanged at 12%.
2. Corporate Social Investment
The group continued with the drive to assist the youth in Engineering Entrepreneurship which is being run through the Technology Initiative Africa, TIA scheme.
Group seeks to consolidate its foothold in Research and Design and continues in its drive in establishing partnerships and consortia in the region.
I express my heartfelt appreciation to our strategic partners, management, staff, customers and other stakeholders for their commitment towards our shared values and vision.
13 November 2012