Engineering and electronics group Reunert has upped its 2023 dividend by 11% after robust demand for defence products helped offset higher interest rates, as well as some pressure on clients as a result of load shedding.
Revenue rose 24% to about R13.8 billion in the year to end September and profit 14% to R959 million, it said on Wednesday, a result achieved despite a more than doubling of finance charges to R120 million.