Shares of South Africa's Times Media Group jump more than 10 percent to 21.75 rand after the newspaper publisher flags that it swung to a profit in the first half.
Times expects diluted earnings of 373 cents per share in the six months to end-December, from a loss of 17 cents a year earlier. The company did not give a reason for the return to profit.
Its shares are the top percentage gainer on Johannesburg's All-share and on track to make their biggest intra-day gain since August.
- Investment & Company Information
- Times Media Group
- South Africa