Page 7 - Altron News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Altron reported a 19 per cent increase in annual revenue to R9,5billion its but profits were negatively impacted by provisions raised for government related contracts.

ICT group Altron, the owner of vehicle tracker Netstar, has reported revenue growth of almost a fifth for its 2023 year, saying it will press ahead with spending hundreds of millions of rands on its growth strategy, confident in demand for its services.

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ICT group Altron has says while revenue could grow by almost a fifth in its year to end-February, it's still feeling the costs of its broadband contract with the City of Tshwane, which has forced it to raise a R134 million provision in spite of its court victory.