Revenue performance was also strong, rising 183%, from R169 million to R478 million. An increase in operating expenses, as well as notably increased taxation, did however dampen total profit, which was down to R29 million from R33 million. Basic earnings per share therefore dropped from 15.32 cents to 7.86 cents. No dividends were declared to shareholders, with the board preferring to conserve cash in the face of the unstable global economic conditions. But with a strong group of subsidiary companies which have already established themselves in the ICT field, as well as stellar BEE credentials, AYO Technology should be able to chart a profitable path going forward, particularly when the positive impacts of the acquisitions begin filtering through.