SENS Note - 01 October 2007

Infrasors interim results August 07

Revenue amounted to R127.1 million for Infrasors' maiden interim results for the period to 31 August 2007. As a result, EBITDA and profit after tax were recorded at R44.2 million and R32.3 million respectively. This led to headline earnings of 23.2cps, up 146.8% on pro forma full-year 2007 estimates.


It is the group's policy to only declare an annual dividend, therefore no interim dividend has been declared.


The short-term outlook for Infrasors is positive as demand for the group's products and services continue to grow robustly. Looking towards the medium term, Infrasors is well placed to grow its revenue as the strength of demand continues to grow relative to constrained supply. The capital expenditure programmes and projects in place will extend capacity resulting in economies of scale and reduced production costs per unit. Against this backdrop Infrasors is confident that it will realise its growth prospects and increase assets and earnings.