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CMH shares rise after earnings announcement

Johannesburg - Combined Motor Holdings [JSE:CMH] the motor and car hire group, on Thursday advised that its first half headline earnings and earnings per share would be 130% to 140% higher than those reported in the first half of last year.

The company's results for the six months to end August 2010 are expected to be published on or about October 20.

As a result, the company's share price has risen 3.4% to R12.20 after the auto retailer and car hire company made the announcement.

The company did not give a reason for the expected rise in earnings.

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