Altron Nexus News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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.

The company has joined forces with Alexandra community groups Imisebenzi Yethu and Motswedi Youth Centre to upskill and uplift job seekers in its neighbouring community.

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

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Altron Nexus’s approach is to build specialised, bespoke solutions for each unique customer, says Sam Smith, head of department, Smart & Narrow Band at Altron Nexus.