Altron to dispose of two subsidiaries amid looming job cuts
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.
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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.
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JSE-listed information technology (IT) and digital services multinational Altron Group CE Werner Kapp said the company's focus in the current financial year will be on executing its profitability improvement strategy to grow revenue and drive operating leverage while investing in its growth businesses. For the financial year ended February 28, Altron increased revenue by 14% to R10.9-billion and earnings before interest, taxes, depreciation and amortisation (Ebitda) fell by 4% to R1.1-billion.