enX says true earnings power seen after transition into full industrial company

Following a year of transformation into a “pure-play industrial company”, JSE-listed enX on Monday posted significant improvements in revenue, operating profit and adjusted earnings for the financial year to August 31, demonstrating the group’s “true earnings potential” after it exited contract mining. Over the past year, the company has integrated several acquisitions and subsequently finalised its exit from eXtract in a move aimed at “dusting the industrial businesses off” and starting to build a solid record in the industrial sector.