PrimeServ, a South African facilities management company, has announced an increase in its dividend payout for the 2023 financial year.
- The company’s dividend will increase by 10% compared to the previous financial year, despite the challenging market conditions.
- PrimeServ’s revenue increased by 3.2% to R1.4 billion (approximately $96 million) for the 2023 financial year.
- The company’s operating profit increased by 3.7% to R111.5 million (approximately $7.6 million).
- PrimeServ’s management team attributed the positive results to the company’s focus on improving operational efficiencies and customer service.
- The company’s operations in South Africa performed particularly well, with a 7.4% increase in revenue.
- PrimeServ is also expanding its presence in other African markets, including Zambia and Mozambique.
- The company’s management team expressed confidence in its ability to continue delivering value to shareholders in the future.