Metrofile: Africa growth eyed as results improve

Revenue rose 13 percent to R590.2 million in the year to June, document and records management company Metrofile said yesterday. “People are becoming more aware that information is needed and you need to keep it in a safe place that you can access it,” chief executive Graham Wackrill said. Much of the storage was in paper format, the cheapest alternative to electronic data archiving. Metrofile recorded 17 percent increases in earnings a share and headline earnings a share to 25.5c. Earnings before interest, tax, depreciation and amortisation jumped 10 percent to R187.5m. Wackrill said the firm was eyeing growth into Africa. The dividend was hiked 47 percent to 11c a share. Metrofile shares gained 5 percent to close at R5.25 on the JSE after touching an intraday high of R5.40. – Asha Speckman