Good news in
the current IT market is rare. Even rarer is good news from
companies listed on the Venture Capital Board of the JSE.
It is thus with pride that we draw your attention to the
interim results of ERP.com, a company in which we have a 15%
stake, announced in the papers today.
ERP.com was
formed on 1 April 1999 as a total start-up operation. In its
maiden year of listing it achieved profit after tax of R5.8m
against a prospectus forecast of R4.6m. In it's second year it
grew profit after tax by 29% to R7.5m. At the start of this
year they promised the market 25% growth.
Earnings for
the six months to January 2002 are up 85% to R8.3m and cash
has increased by R8.5m since 31 July 2001.
ERP.com's
performance is as a direct result of:
Tight
cashflow management;
Sales and
customer delivery focus; and
A good
understanding of the software applications market in South
Africa.
It is rare
that a company serves it's full 3 year term on the Venture
Capital Board and then qualifies for a Main Board listing
having consistently achieved very good results in a tough IT
market.
We are
confident that you will soon see ERP.com on the JSE's Main
Board.
Kind regards,
Rudolf Pretorius
Christoff Botha
Konrad Fleischhauer
