Last week South Africa-based telematics provider MiX Telematics announced its financial results for its full year ending 31 March 2012, with ZAR 1018 million in revenue ($122 million), up 14.7% and a profit after tax of ZAR 103 million ($12 million), up 43.1%.
The annuity revenue from subscribers now represents 57 percent of the total turnover of the company.
“Within the given period, we added 40,000 new subscribers, meaning we will soon reach 300,000 subscribers,” said Charles Tasker, Head of MiX Telematics’ fleet operation.
MiX Telematics provides vehicle tracking, stolen vehicle recovery and fleet management solutions in South Africa (a bit more than 50 percent of its business) and worldwide through subsidiaries and partners in 111 countries. Foreign revenue grew 31 percent this year.
The company currently has offices in South Africa, Australia, USA, UK, Uganda and UAE.
The annuity revenue from subscribers now represents 57 percent of the total turnover of the company.
“Within the given period, we added 40,000 new subscribers, meaning we will soon reach 300,000 subscribers,” said Charles Tasker, Head of MiX Telematics’ fleet operation.
MiX Telematics provides vehicle tracking, stolen vehicle recovery and fleet management solutions in South Africa (a bit more than 50 percent of its business) and worldwide through subsidiaries and partners in 111 countries. Foreign revenue grew 31 percent this year.
The company currently has offices in South Africa, Australia, USA, UK, Uganda and UAE.
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