Metrofile final results June 2018
Revenue for the year increased to R953 million (2017: R769.2 million), earnings before interest, taxation, depreciation and amortisation ("EBITDA") rose to R270.2 million (2017: R247.3 million), operating profit climbed to R229.7 million (2017: R212.4 million), but profit for the year attributable to owners of the parent fell to R129.1 million (2017: R135 million), while headline earnings per ordinary share weakened to 29.2 cents per share (2017: 31.8 cents per share).
A final gross cash dividend of 8.0 cents per share in respect of the year ended 30 June 2018 has been declared payable, from income reserves, to the holders of ordinary shares recorded in the books of the Company on Friday, 5 October 2018.
Changes to the board
Ms Phumzile Langeni was appointed as Lead Independent Director with effect from 10 July 2018. As previously announced, Mr Zaheer Abdulla, has been appointed as a Non-Executive Director of Metrofile Holdings with effect from 15 September 2018 in place of Mrs Cynthia Pongweni who will resign from the Board, effective 15 September 2018.