News Formal

Alviva shares fall sharply on expected earnings drop

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 63%

Россия Новости Новости

The tech company said its headlines earnings for the year to December dropped by as much as 46%

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.

 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки
Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 12. in RU

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

MTN surges on expected earnings growthTrading update helps add about R7bn to the company’s value on the JSE
Источник: BDliveSA - 🏆 12. / 63 Прочитайте больше »