Altron has reported a more than doubling in its operating profit in the six months to end-August.
Browsing: Altron Nexus
Promoted | Having built some of the biggest critical communication networks in Africa, Altron Nexus understands not only the why but also the how.
Altron shares fell sharply on Wednesday after the technology group warned of challenges at two subsidiaries.
Mark Harris is stepping down as MD of Altron unit Altron Nexus and will be replaced with immediate effect by financial director Kennedy Chinganya. Harris will “handle special projects” until end-November.
Altron has won an appeal at the supreme court, overturning the high court’s earlier decision to set aside the awarding of a broadband contract by the City of Tshwane to Thobela Telecoms.
JSE-listed technology group Altron has cut its final dividend by 24% to 55c/share to preserve cash amid the economic upheaval created by the Covid-19 pandemic.
Morai Solutions, one of three companies to be awarded temporary access to radio frequency spectrum to deploy television white-spaces networks during the Covid-19 pandemic, has set out its plans.
JSE-listed technology group Altron has appointed Mark Harris, a former MD of IBM South Africa, as the new permanent MD of its Altron Nexus subsidiary following a tumultuous period for the business.
Altron lifted headline earnings per share by 4% in the six months to 31 August 2019 on the back of an 8% increase in revenue from continuing operations to R8.5-billion.
JSE-listed technology group Altron said on Friday that it has suspended three executives at its Altron Nexus subsidiary following an investigation that revealed “potential internal irregularities”.