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Metrofile’s strategic review pays off as revenue rises to R473m

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The documents storage company benefits from rigorous cost control and incremental gains in domestic businesses

Picture: 123RF/NIRAT MAKJANTUK

Secure storage contributed 64% to group revenue and was up 6% year-on-year mainly as a result of increased box volumes, Metrofile said. Closing box volumes amounted to 11.3-million for the period, up from 11.1-million for the six months to June 2019. Headline earnings per share were up 26% to 12.9c from 10.2c in the previous comparative period, while earnings per share rose 19% to 12.1c.

In November 2017, Metrofile bought the G4S Secure Data Solutions business in Kenya for R281m. It gave Metrofile a presence in the region, where G4S is one of the largest records management firms.

 

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