Combined Motor Holdings shares lift as it expects higher earnings
Despite global supply and chip shortages, the car rental group has reported improved earnings for shareholders
31 March 2022 - 17:37
Combined Motor Holdings (CMH) expects to report a more than two-fold jump in annual earnings, triggering talk of a bumper dividend and sending shares of the owner of car showrooms and other motoring related businesses higher.
The share price rose by as much as 5.4% to R29.50, its best level in three years, before paring gains to end the day up 3.18% at R28.89, valuing the company at over R2.1bn. ..
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