Shares in JSE-listed technology group Alviva fell sharply on Friday on news that full-year earnings may fall by as much as 20%.
The company said its headlines earnings for the year to December dropped by as much as 46% to between R115m to R130m, from R214m in the previous financial year. Market players reacted negatively to the news, sending the tech firm’s share price 19.55% lower in afternoon trade at ROnce a major player in the sector, Alviva’s share price has fallen close to 60% from its peak in August 2013.
Its distribution unit imports and assembles hardware and software and sells it into Sub-Saharan African markets through re-seller channels, national retail chains, and direct to government and corporates on a limited scale.
Belgique Dernières Nouvelles, Belgique Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
MTN surges on expected earnings growthTrading update helps add about R7bn to the company’s value on the JSE
La source: BDliveSA - 🏆 12. / 63 Lire la suite »