Metrofile increases interim dividend on higher headline earnings and revenue
Metrolife has rewarded shareholders with an 18.2% increase in interim dividend thanks to headline earnings rising 3.3% to R70.8m
Records and information management group Metrofile has posted a 3.3% rise in headline earnings to R70.8m for the six months to December. This translates to 3.7% growth in headline earnings a share to 16.7c, achieved on revenue increasing 1.6% to R380.7m. The group declared an interim dividend of 13c, an increase of 18.2% on the previous interim dividend. CEO Pfungwa Serima said that, despite the adverse effect of weak economic conditions, Metrofile was growing steadily while expanding its base, refocusing businesses and implementing several growth initiatives. "We have reported positively in SA and recorded double-digit revenue contributions to the group from operations in the rest of Africa and the Middle East. We will continue to seek growth opportunities and pursue strategic acquisitions in targeted geographies." Supporting its focus on Africa, Metrofile appointed an executive to oversee operations outside SA. "This appointment will assist us to continue our expansion and growth ...
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