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Metrofile sees earnings gain

Johannesburg, 15 Feb 2010

The news that earnings would be higher bolstered the company's share price, sending it up to close at 144c on Friday, a 2.86% gain on the day.

Headline earnings per share and earnings per share are expected to be between 38% and 47% higher than the 4.4c it reported a year ago.

Normalised headline earnings per share should be between 13% and 19% higher than the 6.2c it reported for the six months to December 2008.

In calculating normalised headline earnings per share, Metrofile has excluded non-recurring costs, and fair value adjustments on interest rate swaps.

Related story:
Metrofile seeks expansion

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