Shareholder meetings

Altron revenue up 14% as group successfully repositions for future growth

10th May 2018

Allied Electronics Corporation Limited (Altron) has delivered substantially on its double-digit growth targets with revenue rising by 14%* to R14,7 billion, EBITDA by 19%* to R1,1 billion, while headline earnings per share from continuing operations increased by 19%* to 135 cents for the year to end February 2018.

Altrons turnaround strategy bearing fruit

11th May 2017

News Highlights

• Headline Earnings Per Share (HEPS) swings to a profit of 71c


• Basic Earnings Per Share (EPS) reduced to a loss of 54c


• 123% EBITDA growth to R840 million


• Group continues to focus on the disposal of non-core operations as going concerns


• Appointment of new Chief Executive and move to independent management and change in contol structure completed


• R400m capital investment will accelerate growth initiatives within core operations