Fantastic results for Purple Group

It’s terribly exciting working with a listed company on the day its annual results are released. The anticipation in the Purple Group offices today has been electric, and when the SENS announcement finally came through, out at about 1.30pm, there was an explosion of delight! Bells were rung, streamers were thrown, and there was much skipping and merriment up and down the passages.

And it’s no surprise! Here’s a note that Carel put out as the results were released:

Purple Group Limited (PPE) today released its audited financial results for the year end 31 August 2015.

With revenue up by 40%, EDIBTA up by 116,6%, an increase of 125% in the capital and dividend distribution, earnings up by 274,6% and earnings per share showing an increase of 267,9%, it is perhaps no surprise that CEO Charles Savage writes in his Annual Report letter “…that there is no small measure of magic happening at the Purple Group.”

Purple is a fintech company that provides trading and investment solutions for all South Africans through four distinct client-focused offerings: EasyEquities, GT247.com, GT Private Broking and Emperor Asset Management.

Being anointed as South Africa’s Top Stockbroker 2015 by Intellidex/Investor’s Monthly in September 2015 as well as the provider of South Africa’s Top Tax Free Savings Account, has strengthened the Group’s winning streak which started with a 1st place in the Accenture Innovative Index.

“Operating within a tough economic environment has shown that the Purple team are also tough. Innovation, resilience and a passion for empowering all South Africans with economic dignity, have contributed to our strong results,” says Savage.

“Our strategic pillars and focus are proven in the results. The year ahead holds much promise and many opportunities. We will be making a number of exciting announcements in the coming months and remain hugely excited about our future.”

From all of us at CN&CO we say, “Congratulations, Purple Group! It’s been a pleasure walking this journey with you. The results are amazing, and bear witness to all the hard work, smart thinking and bravery that you’ve demonstrated in the past year. We can’t wait for what comes next.”