Metair expects to report positive growth in FY17 headline

JSE-listed Metair expects to report a 24.6% year-on-year increase in headline earnings a share for the year ended December 31, while earnings a share are likely to be between 21.6% and 25.5% higher year-on-year. “The automotive component vertical recovered after a difficult 2016, returning to satisfactory profitability after the disruption of the new vehicle launch. Trading for the period, therefore, sustained the progressive improvement in performance from the second half of 2016,” Metair said in a trading statement on Tuesday.