MiX Telematics (MIXT) Tops Q4 EPS by 4c

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Go back to MiX Telematics (MIXT) Tops Q4 EPS by 4c

MiX Telematics Announces Financial Results for Fourth Quarter and Full Fiscal Year 2016

May 26, 2016 6:00 AM EDT

References in this announcement to R are to South African Rand and references to U.S. Dollars and $ are to United States Dollars. Unless otherwise stated MiX Telematics has translated U.S. Dollar amounts from South African Rand at the exchange rate of R14.8330 per $1.00, which was the R/$ exchange rate reported by Oanda.com as at March 31, 2016.

Fourth quarter and fiscal year highlights:

Subscribers increased by 11% year on year to over 566,000 subscribers Fourth quarter subscription revenue of R307 million ($21 million), grew 15% year over year... More