Altron reports double-digit increase in FY profit
But expects pressures on supply chain and pricing to continue into the next final year, as global components shortage persists.
Source: moneyweb.co.za
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Altron CEO Mteto Nyati to step down in June
Mteto Nyati has been credited with leading Altron's transition from a family-controlled and managed business to an independent corporate entity.
Source: news24.com
Mteto Nyati stepping down from Altron role
Mteto Nyati, group chief executive of listed technology group Altron, will step down from his role effective 30 June 2022.
Source: businesstech.co.za
Altron Group Chief Executive Mteto Nyati to Step Down - IT News Africa - Up to date technology news, IT news, Digital news, Telecom news, Mobile news, Gadgets news, Analysis and Reports
JSE-listed technology company Altron has announced that Group Chief Executive Mteto Nyati will step down from his role effective 30 June 2022. This decision was informed by Nyati’s impending completion of a five-year term with the Altron Group, his successful contribution to increasing shareholder value by approximately six times during his tenure, and his search […]
Source: itnewsafrica.com
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