EnX rockets after flagging a return to profit
The group’s shares rose 14% on news that it returned to profit in its 2021 year, putting the group at a 19-month high
28 October 2021 - 12:33
Shares of petrochemicals, equipment and logistics group enX rocked 14% on Thursday, on track for their best day in almost a year, after it flagged a return to headline profit for its year to end-August.
Headline earnings per share, the primary profit measure in SA that excludes one-off items, is expect to come at between 206c and 210c, from a loss of 20c previously. This implies a profit will improve as much as R420m for a group valued R1.36bn on the JSE...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.