Altron sells printer business
The transaction is part of Altron's strategy of shifting away from non-core assets and focus on ICT business.
Source: news24.com
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Cost containment pays off for Altron
May 17, 2021 JSE-listed technology company Altron has announced that invoiced income gain 4% to R7.7 billion, while cash from operations grew 31% to R2,2-billion for the financial year to end February. Shareholder value was unlocked by 152% from a share price of R20.19 to a share value of R50.80. Earnings before interest, tax, depreciation, and amortisation (EBITDA) declined 8% to R1-billion. The operating free cash flow of R612-million increased by more than 600%. Cash generated from operations was up 31% to R2,2-billion while headline earnings per share (HEPS) declined 18% to 31c a share. A...
Source: it-online.co.za