Higher earnings in store for Metrofile

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 63%

Business News News

Metrofile has received two buyout offers, including one from US private equity firm Housatonic Partners

Document management specialist Metrofile said on Tuesday it expects a rise in earnings and a reduction in debt for the six months to December. — which provides services for the storage, retrieval and dissemination of documents, among other things —

said it expects to report headline earnings per share that is 9% to 22% higher than the 12.9c in the previous comparable period. This metric strips out the effect of once items on earnings. Earnings before interest, tax, depreciation and amortisation is expected to rise by as much as 6% to R160m, up from R150.9m previously. Metrofile has received two buyout offers, including one from

US private equity firm Housatonic Partners at R3.30 a share. No update was given on either of the offers. Metrofile shares, relatively flat so far in 2021, received a boost from the trading update to close the day 3.64% firmer at R2.85, valuing the company at R1.29bn.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Couple of months ago I came across a recommendation about DennisWilliam78 wealth how he helped investors to earn lots of money with their investments. and I decided to give a trial with the little I have. Now my little has turned into something great which was not my expectation

Reject that US offer. The President will somehow be accused of capitulating to the West. Find a BEE buyer

Behind every successful person there is alway a man/ woman trade with Charloteamelia7 is the woman behind my success story😘 thanks for giving me hope... Once again trade with Charloteamelia7 💯 guaranteed

Welcome to the community, new Bitcoiners. Make sure you follow lisaMakT She understand Bitcoin and have an unflinching optimism about it. She is for transparency and trust 💯 “Everything is good for Bitcoin.”

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSİNESS

Business Business Latest News, Business Business Headlines