Metair Investments expects to report a surge in earnings for the first half of this year as the performance from its automotive components business improves.
This was offset slightly by the less favourable results for its energy storage business owing to the currency weakness of foreign reported earnings.
Headline earnings a share are expected to be between 105.6% and 114.8% higher – at between 111c and 116c – compared with the 54c apiece reported in the prior corresponding period.
The company expects its earnings a share will be between 103.7% and 114.8% higher, at 110c to 116c, than the 54c achieved in the first six months of 2016.
Metair expects to publish its financial results on August 17.