South Africa
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EnX rockets after flagging a return to profit

Shares of petrochemicals, equipment and logistics group enX rocked 14% on Thursday, on track for their best day in almost a year, after it flagged a return to headline profit for its year to end-August.

Headline earnings per share, the primary profit measure in SA that excludes one-off items, is expect to come at between 206c and 210c, from a loss of 20c previously. This implies a profit will improve as much as R420m for a group valued R1.36bn on the JSE...