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.
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 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.
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Metrofile shares up on higher earnings expectationMetrofile shares were trading 7.14% higher in midday trade with its stock having risen 112% over the past six months
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 »