Bloomberg the Company & Products

Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Mechanical Lloyd Rises to 2-Year High on Sales Bets: Accra Mover

Dec. 5 (Bloomberg) -- Mechanical Lloyd Co., a distributer and repairer of vehicles and farm machines, rose to the highest in more than two years as investors bet revenue growth will accelerate for the full year.

The stock gained 15 percent to close at 15 pesewas in the capital, Accra, the highest since Sept. 16, 2010. One hundred and fifty thousand shares changed hands, almost six times the three-month daily average.

“We expect full-year revenue growth of 20 percent, higher than the nine-month growth rate,” Nana Kofi Agyeman Gyamfi, a stock trader at Merban Stockbrokers Ltd. in Accra, said by phone today. “The company benefited from the purchase of 4 by 4 vehicles by political parties.”

Revenue climbed 17 percent during the nine months through September to 30.7 million cedis ($16 million), the company said on Oct. 25. Net income increased 29 percent to 2.2 million cedis.

To contact the reporter on this story: Moses Mozart Dzawu in Accra at

To contact the editor responsible for this story: Vernon Wessels at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.