METROFILE gained 2.78% to R4.06 on Monday after declaring an 11c interim dividend for the six months ended-December, 22% higher than the matching period’s 9c.
The document management and storage group reported on Monday a 12.7% rise in headline earnings per share to 16.1c for the six months to December.
"Whilst acknowledging the local economic challenges impacting the South African business environment, Metrofile expects to increase its headline earnings per share for the full year," its interim results statement said. Revenue for the group was up 10% to R374.7m.
Metrofile provides physical and electronic archiving of documents. It operates in six countries in Africa and the Middle East. More than a year ago it expanded into the United Arab Emirates through the acquisition of eFile Masters.
"Metrofile’s expansion into Africa and the Gulf Co-operation Council states of the Middle East remains driven by the demand for similar services to those provided by the group in SA," it said.
It said its continued focus on cross-selling the group’s diverse range of services to both new and existing customers remained a key part of the group’s strategy.
The necessity for businesses to not only archive, but manage all types of records, whether they be in physical or digital format, "positions the group well to assist companies with their record-keeping requirements, thereby mitigating risk to the organisation", it said.
In a survey last month, Metrofile said 55% of South African businesses had indicated they intended switching from paper-based to electronic document storage and information-management services in the near future.
Picture: THINKSTOCK
METROFILE gained 2.78% to R4.06 on Monday after declaring an 11c interim dividend for the six months ended-December, 22% higher than the matching period’s 9c.
The document management and storage group reported on Monday a 12.7% rise in headline earnings per share to 16.1c for the six months to December.
"Whilst acknowledging the local economic challenges impacting the South African business environment, Metrofile expects to increase its headline earnings per share for the full year," its interim results statement said. Revenue for the group was up 10% to R374.7m.
Metrofile provides physical and electronic archiving of documents. It operates in six countries in Africa and the Middle East. More than a year ago it expanded into the United Arab Emirates through the acquisition of eFile Masters.
"Metrofile’s expansion into Africa and the Gulf Co-operation Council states of the Middle East remains driven by the demand for similar services to those provided by the group in SA," it said.
It said its continued focus on cross-selling the group’s diverse range of services to both new and existing customers remained a key part of the group’s strategy.
The necessity for businesses to not only archive, but manage all types of records, whether they be in physical or digital format, "positions the group well to assist companies with their record-keeping requirements, thereby mitigating risk to the organisation", it said.
In a survey last month, Metrofile said 55% of South African businesses had indicated they intended switching from paper-based to electronic document storage and information-management services in the near future.
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