Altron Heps to fall on Bytes disposal, weak economy : vimars

Altron Heps to fall on Bytes disposal, weak economy


Altron Heps to fall on Bytes disposal, weak economy
JSE-listed technology group Altron said on Wednesday that its headline earnings per share (Heps) will fall by as much as 29% because of the disposal of its Bytes UK arm and weak trading conditions.
The “de-merger” of Bytes Technology Group, which was finalised in December, will lead to a once-off jump of over 100% in basic earnings per share for the year to 28 February 2021, Altron said in a statement to shareholders.
Heps, which excludes the profit from the de-merger, was negatively impacted as Bytes UK was “previously a material component of the Altron Group earnings”.

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