Trematon Capital’s Arnold Shapiro expects impressive growth ahead
Trematon Capital Investments MD Arnold Shapiro on Monday welcomed the group’s strong annual results, attribuing the nearly 1,094% jump in headline earnings per share to strategic shedding of mature assets and diversifying into education and property. Shapiro said the group, which has been listed for 20 years, has developed from a small, value-focused investment business into a large, diversified company. The Western Cape-focused company released financial results for the twelve months to August 2017 that showed profit up to R291.8m compared with R49.5m for the year to August 2016, resulting in an increase of 488% in earnings per share to 134c, or a 1,094% increase in headline earnings per share to 20.3c. Its net asset value per share increased 53% to 391c and intrinsic net asset value per share increased 17% to 431c, said Shapiro. "We are very pleased by the results which reflect increased profits across the group supported by the consistent performance of our core operations and fo...
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