Sunday, February 18, 2007

Metorex earnings surge 284%

South African-based miner Metorex posted a 284% surge in first-half headline earnings per share on Monday on higher output and strong metals prices, in line with its forecast.

Metorex said headline EPS for the six months to December 31 rose to 51.44 cents from 13.41 cents in the same period the previous year.

The firm said earlier this month in a trading update that headline EPS were expected to rise to 48-52c.

Read more at FIN24.co.za

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