Morvest revenue weakens 1%

Morvest yesterday reported its revenue fell 1% to R537.6m during the six months ended November, and diluted headline earnings per share fell 4% to 5.97c. Morvest said about 95% of its revenue was generated in SA and the balance in Africa. Its business and industrial services unit made up 43.9% of revenue, ICT solutions 39.8% and retail and other investments 8.2%.