Insimbi shares jump on possible earnings growth

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 63%

Philippines News News

Metals and plastics maker’s share price surges after it says earnings expected to more than double 🔒

The share price of industrial metals and plastics manufacturer Insimbi surged on Tuesday after it said headline earnings per share for the year to end-February will be more than double those of the previous year.

The company — which sources, processes, beneficiates and recycles metals — saw its shares rise as much as 10.4% to R1.16 in intraday trade, before settling just 1.9% higher at R1.07. The price remains 8.55% weaker since a month ago, but is still up 7% so far this year...

 

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

Philippines Philippines Latest News, Philippines Philippines Headlines