Brief: MiX Telematics sees FY total revenue of 1.501 bln rand-1.525 bln rand

MiX Telematics

03/11/2016 06:00

Nov 3 (Reuters) - Mix Telematics Ltd  MIXJ.J : 
    * Subscribers increased by 8 pct year over year, bringing 
total to 585,000 subscribers at September 30, 2016 
    * Q2 subscription Revenue of R301 million ($22 million), 
grew 6 pct year over year 
    * Q2 operating profit of R26 million ($2 million), 
representing a 7 pct margin 
    * Q2 total revenue was R368.2 million ($26.6 million), an 
increase of 2.8 pct 
    * Q2 adjusted earnings per diluted ordinary share were three 
South African cents versus two South African cents last year 
    * Sees FY subscription revenue - R1,220 million to R1,230 
million ($89 million to $90 million) 
    * Sees FY total revenue - R1,501 million to R1,525 million 
($110 million to $112 million) 
    * Sees FY adjusted earnings per diluted ordinary share of 
11.8 to 13.8 South African cents 
    * Sees FY adjusted EBITDA - R270 million to R290 million 
($20 million to $21 million), which would result in a decline of 
3 pct 
    * For Q3 expects subscription revenue to be in range of R303 
million to R308 million ($22 million to $23 million), up 3 to 5 
percent 
 
Source text for Eikon:  ID:nJseC0004a  
Further company coverage:  MIXJ.J  
 
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