Amecor’s year end results in line with 2009


Electronics group Amalgamated Electronic Corporation Limited (Amecor) has turned in what its management calls an acceptable result for the year ended March 31. Annual turnover of R138 million was on a par with the previous year’s R138 million.

Profit before tax came in at R37 million (2009 R40 million) and earnings per share were 30.8 cents as opposed to 33.7 cents a share last year.

CE Dereck Alexander describes the trading environment during the period under review as “tough” and says that, under these circumstances, the group had done well to maintain turnover and profit in line with 2009.

The group comprises of three principal businesses – FSK Electonics, which manufacturers a range of electronic security equipment for security companies; Sabre Radio Networks, which is a radio frequency, GSM and internet protocol- based network responsible for transferring a range of electronic data, such as alarm indicators, equipment status reports and environment monitoring, between monitored sites and Sabre control rooms; and PDS Group, which supplies power generating equipment to State facilities, large corporations and industrial and mining companies.

The PDS Group is the largest contributor to group turnover at R83 million, followed by FSK Group at R42 million and Sabre Radio Networks at R16 million. This year, a new business, Amecor PowerStar, was added to the mix. Amecor has concluded an agreement with UK-based engineering company EMS for the exclusive rights to supply EMS’s power optimising equipment to power users in Southern Africa.

The objective of Amecor PowerStar, says Alexander, is to enhance Africa’s energy supply by helping businesses and State facilities to achieve costs savings by a reduction in the amount of electricity they consume via strict voltage control. Alexander says Amecor PowerStar has enormous potential – given Eskom’s recent request that in future power users in South Africa must save up to 10% of their current electricity consumption – or face the prospect of substantial fines.