Werner Kapp News Today

JSE-listed Altron on Monday reported strong results across its continuing operations; however, noncash adjustments in its discontinued operations weighed on the company’s overall results for the year ended February 29, 2024. The company reported earnings before interest, tax, depreciation and amortisation (Ebitda), including Altron’s ATM Business and discontinued operations, of R985-million, a 6% decrease on the R1.05-billion achieved in the prior year.

JSE-listed Altron announces the appointment of former SITA CEO Dr Bongani Andy Mabaso as group chief technology officer.

Despite increasingly tough trading conditions, the group reports improved revenue and profitability from continuing operations.

Value Capital Partners, chaired by former Brait CEO Antony Ball, recently made further big purchases of Altron shares.

Altron shares fell sharply on Wednesday after the technology group warned of challenges at two subsidiaries.

The company identifies loss-making business units Altron Nexus and Altron Document Solutions as non-core to its operations, classifying them as held-for-sale.

Altron shares fell sharply on Wednesday after the technology group warned of challenges at two subsidiaries.

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