Johannesburg, 17 Feb 2012
Records storage business Metrofile expects to spend R58.4 million in capital expenditure in the new financial year, it said yesterday.
The company, which increased capital spending in the six months to December, says part of its expenditure will include R49.9 million for new capacity, including additional premises.
Revenue increased 14.8%, to R252.6 million, and earnings before interest, tax, depreciation and amortisation improved 19.6%, to R81.6 million. Headline earnings per share gained 21.7%, to 10.1c.
CEO Graham Wackrill says the results were boosted by Metrofile's strategy of expanding its services in the information management sector, particularly through the cross-selling of its services to new and existing customers.
Metrofile remains committed to its expansion into Africa, despite experiencing some delays with the start of operations into Nigeria, says Wackrill.
“We are confident of making further progress with our Nigerian operations in the current period; Mozambique continues to contribute positively to the group and we have several other African countries on our radar.”
The company, which expects to grow revenue and earnings in the next six months, announced a 50% increase in its dividend to 3c a share.
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