MIT back in the black

MANAGEMENT Investment & Technology (MIT) turned into the black last year, with profits of $9.05 million compared with losses of $3.87 million a year ago.

Turnover shot up 50 per cent to $380.37 million, against $255.09 million previously.

Earnings per share were 6.12 cents, versus losses per share of 2.62 cents in 1992.

The directors did not recommend a final dividend.