Altron expects half-year earnings turnaround
JSE-listed Altron on Thursday reported an expected improvement in its earnings for the six months ended August 31.
In a trading update, the company said it expected group headline earnings per share (HEPS) for the first half of the year to improve by between 209% and 217% to a range of 71c to 76c apiece, from the restated headline loss a share of 65c reported in the comparative six months in 2023.
HEPS from the continuing operations is expected to reach between 76c and 81c for the half-year under review, an increase of 171% to 189% from the restated HEPS of 28c in the prior comparative half-year.
Continuing operations include Netstar, Altron FinTech, Altron HealthTech, Altron Digital Business, Altron Security, Altron Document Solutions and Altron Arrow. It excludes Altron Nexus.
The first half period has been restated for the classification of Altron Document Solutions as a continuing operation.
Earnings per share (EPS) for the group will increase to between 67c and 72c in the six months ended August, equating to an increase of 177% to 183% from the loss a share of 87c in the first half of 2023.
For continuing operations, Altron expects EPS to increase between 387% and 407% to between 73c and 76c apiece, compared with the restated EPS of 15c reported in the six months ended August 31, 2023.
Altron will publish its interim financial results for the six months ended August 31, 2024, on November 4, 2024.
Comments
Research Reports
Latest Multimedia
Latest News
Showroom
SmartMine IoT has been developed with the mining industry in mind, to provides our customers with powerful business intelligence and data modelling...
VISIT SHOWROOM
For over 60 years, VEGA has provided industry-leading products for the measurement of level, density, weight and pressure. As the inventor of the...
VISIT SHOWROOM
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
