Technology firm Altron expects earnings to double in the full-year to end-February 2021, mainly due to profits gained from its recent demerger of Bytes Technology Group.
Headline earnings per share — which strips out the effect of one-off financial events — is expected to be between 124c and 137c, reflecting a reduction of between 21% and 29%, as compared to the restated 174c seen in 2020. Bytes, a software, security and cloud services specialist, is a former subsidiary of technology group, Altron. The company listed on the London Stock Exchange in December with a secondary inward listing on the JSE after a demerger that created R13bn in value for Altron shareholders.
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