Johannesburg - The share price of the chemicals producer Rolfes Technology [JSE:RLF] has leapt 14% following the announcement that its annual earnings will double.
Johannesburg Shares of South Africa's Rolfes Technology jumped 14.4% to R1.43.
The small-cap maker of colour pigments and other chemicals says it expects earnings for the year to end-June to more than double, citing an improvement in continuing operations and the lack of a negative impact from discounted operations that hit earnings in the previous period.
The stock has risen 61% since January.
Johannesburg Shares of South Africa's Rolfes Technology jumped 14.4% to R1.43.
The small-cap maker of colour pigments and other chemicals says it expects earnings for the year to end-June to more than double, citing an improvement in continuing operations and the lack of a negative impact from discounted operations that hit earnings in the previous period.
The stock has risen 61% since January.