Metrofile interim results December 2018
Revenue for interim period increased to R490.2 million (2017: R456.1 million) whilst earnings before interest, taxation, depreciation and amortisation (EBITDA) lowered to R123.7 million (2017: R127.6 million). Operating profit decreased to R101.2 million (2017: R107.2 million) and profit attributable to owners of the parent dropped to R42.3 million (2017: R77.5 million). In addition, headline earnings per share came in lower at 10.2 cents per share (2017: 15.6 cents per share).
Shareholders are informed that the board has resolved to declare an interim scrip dividend of 5 cents, with a cash alternative. A further announcement setting out the full terms and salient dates will be published in due course.
Metrofile directors have advised that, to the extent they or any of their associates have shares in the Company, they intend to accept the scrip alternative.
Trading conditions remain difficult, but we anticipate a better second half.
Our digital services strategy continues to progress and will grow through co-innovation with existing and new customers as well as selected joint ventures with specialised digital solution providers.