Shares in JSE-listed documents storage company Metrofile rose more than 7% on Tuesday after the company said it expects earnings to rise by as much as 18% for the six months to end-December 2019.
Headline earnings per share may rise by between 12c and 13.5c from the 10.2c per share reported in the previous comparable period. Earnings per share for the half-year are expected to increase by 13% to 28%, to between 11.5c and 13.1c, from 10.2c per share in the previous period. in midday trade on Tuesday at R2.85, giving it a market value of R1.29bn. Its stock has risen 112% over the past six months.
In the second half of 2019, Metrofile said US-based Housatonic Consortium had made an offer to acquire 100% of the group. Housatonic Partners is a private equity investment firm with more than $1bn in capital under management, investing globally from its offices in San Francisco and Boston. It targets growing, profitable companies in the recurring business services, technology and healthcare sectors.
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Market data - February 14 2020Market data including bonds, unit trusts and fuel prices
Source: BDliveSA - 🏆 12. / 63 Read more »
Bidcorp recovers from UK business exitThe global food services group expects headline earnings per share for the six months to end-December to rise
Source: BDliveSA - 🏆 12. / 63 Read more »