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Altron’s shares reach best level since 2014 on earnings update

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Strong performance sees full-year earnings jump 62%

Altron’s shares jumped 4.2% to R20.69, the best level since October 2014, on Thursday morning after the technology group said earnings in the year to end-February rose by up to 62%.

Headline earnings per share were between 49% and 62% higher than the prior year, the group said. Headline earnings per share from continuing operations were up by between 43% and 56%. Altron’s shares have gained about 71% since the start of 2018 thanks to renewed investor confidence in the group, which now counts Value Capital Partners as a strategic investor.

 

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