1time Holdings is reportedly expected to report earnings per share between USD 0.1 cents and USD 2.5 cents and headline earnings of USD 20.0 cents to USD 24.0 cents for the 12 months ended 31-Dec-2010. The group’s 1time Airline subsidiary reported a 10% increase in revenue and a 7% increase in passenger numbers.
1Time Holding shares gained 4.3% on Monday. Shares in Kenya Airways were also up 4.3%. Kenya Airways CEO, Titus Naikuni, announced the IPO of subsidiary Precision Air will only be open in Tanzania, locking out Kenyan investors. The carrier is expected to list in Apr-2011.
Selected MEAAD daily share price movements (% change): 14-Mar-2011
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