Altron share price slumps after earnings warning

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The technology company says the decline is largely due to the exclusion of its Bytes business in the UK that has been spun off

Altron shares slumped almost 5% on Thursday after the company forecast that full-year earnings will plunge by as much as three-quarters on impairments and the exclusion of Bytes UK’s results.

The stock ended the day at R8.70, down 4.81% after the company reported group headline earnings per share for the year ended February are expected to be between 32c and 42c, down 69%-77%...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

 

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