Metrofile operates in a growing industry that is continually enhanced by advances in digital communications and storage technology. It is 57,4% black-owned; its empowerment partner, the Mineworkers Investment Company (MIC), owns 37.24% of its equity.Metrofile reported earnings growth of 19.8% to R456.1m. Its EPS were up 11.4% to 18.6c and it maintained its dividend at 13c/share. However, headline EPS were down 6.5% to 15.6c/share owing to the exclusion of the one-off gain of R12.5m from the sale of Rainbow Paper Management.Cash generated from operations before net working capital changes were relatively unchanged at R129.1m, while cash generated from operations decreased 13.6% to R119.6m. Net cash inflow from operating activities dropped markedly to R72.25m from R96.36 in the prior 12 months. This is concerning, though the company maintains a great dividend.Metrofile says it intends to grow by targeting organic increase in SA, boosting its product offering, placing greater emphasis ...

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