On The Money - In Brief

Mergers, Acquisitions and Financial Results

- Bytes Technology Group (BTG) reported a strong performance for the year ended 29 February 2004 with a 27% improvement on adjusted headline earnings per share and an increase of more than 37% in its dividend declared of 22 cents per share. Bytes Technology Group has also emerged as the preferred bidder for CS Holdings.

- The MTN group reported a 94% increase in profit to R4,312bn, driven by strong performances across all its operations during the 2004 financial year. The group recorded a 77% increase in adjusted headline earnings per share to 253,1 cents. Earnings before interest, tax, depreciation and amortisation (Ebitda) increased by 44% to R8,983bn, resulting in profit after tax (PAT) of R4,312bn, 94% up on the previous financial year.