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CMH reports 51.5% growth in 2012 headline earnings

JSE-listed Combined Motor Holdings (CMH) recorded a 51.5% increase in headline earnings a share to 183.9c for the year ended February, boosted by net finance charges that grew by 26% off a low base and a reduced tax rate of 24%, down from 27%. This represented a 25.4% return on shareholders' funds, compared with a 20.8% return the previous financial year. The figures included a one-off receipt of R21.2-million in dividend income, which accrued as a result of the change in the taxation of dividends and would not be repeated.

Authors: Dubai Engineering Jobs Admin

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