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Motus Vereeniging officially opens its new premises
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Motus drives earnings growth through tough motor markets
By Edward West
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CAPE TOWN - MOTUS Holdings declared an interim dividend and bolstered its balance sheet in the six months to December 31 after its diversified offering buffered it against declining trading conditions in the economy, chief executive Osman Arbee said yesterday.
Headline earnings a share increased 2 percent to 526 cents while an interim dividend of 160c was declared, versus no dividend declared at the same time last year. Debt to equity more than halved to 24 percent from 74 percent, this after free cash flow from operations shot up to R4.76 billion from R1.12bn.