The turnaround at long-troubled technology and manufacturing group Altron is picking up pace, with profit from continuing operations in the six months to end-August 2016 improving to R187m from R103m in the same six-month
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Altron’s share price leapt higher on Friday on news that the long-troubled JSE-listed technology and industrial group is set to report a swing to profitability in the six months to end-August 2016. Headline earnings per share for total
Troubled technology and industrial group Altron said on Monday that it expects to return to profitability for the six months ended 31 August 2016 as a restructuring starts to bear early fruit. It said in a trading statement that it expects to report
Former Altech CEO and Altron TMT group executive Craig Venter was given a R15m “separation payment” when he left the technology group last year, despite poor performance by several of
At some point, JSE-listed Altron’s bombed out share price is going to look like a bargain. But it’s hard to know when that will be. The Venter-run family business last week announced a loss of R1,1bn for the year to February, drowning the previous
Robbie Venter, 56, is likely to step down as Altron’s CEO at the end of February, or soon thereafter, handing the reins to a non-family member for the first time in its storied, 51-year history. First, though, Venter – the son of Altron founder Bill
Troubled technology group Altron has reported a 75c normalised diluted headline loss per share for the 2016 financial year to 29 February, a sharp reversal from headline earnings per share in 2015 of 99c. In light of the poor numbers, and the need
Former Altech CEO Craig Venter, who quit the Altron group last year after 27 years working for the business started by his father Bill Venter, has lifted the lid on his new venture. The new company, ClickaBet, is a sports betting website that Venter
Significant losses at Altech Multimedia and Powertech will contribute to a dismal set of full-year results at technology and industrial group Altron. The group cautioned shareholders on Friday afternoon that although its Altron TMT
After the publication of its annual report this week, the headlines focused on former chief executive Sifiso Dabengwa’s R23,7m “golden handshake” following his resignation in November amid the MTN Nigeria fine fallout. We also learnt that chairman