The earnings growth was attributed to stronger performances by all its businesses.
Metair shares closed yesterday at R22 compared with its R21.55 closing price on Monday.
The company said headline earnings a share for the year to December were expected to be between 20.6percent and 24.6percent higher than in the previous year. This equates to headline earnings a share of between 276cents and 285c for this reporting period compared with 229c in the previous year.
Metair said its automotive component business recovered after a difficult 2016 to return to satisfactory profitability after the disruption of the new vehicle launch of one of its major customers.