Altron, the technology and engineering group that owns Altech, Bytes and Powertech, warned on Thursday that its headline earnings for the year to end-February 2015 were likely to slump by at least 40% due to “difficult trading conditions”. Basic earnings per
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Altron TMT subsidiary Bytes People Solutions, part of the Bytes Technology Group, has made an offer to acquire Inter-Active Technologies, a specialist customer interaction management business, for an undisclosed sum. The agreement has been signed, but the deal is still subject to the approval of the
Powertech and Altech Autopage have acted as a drag on technology group Altron’s earnings for the six months ended 31 August 2014, but this has been offset, to a degree, by strong performances from IT services group Bytes and other businesses in the group’s TMT division. For the interim
Altron intends hanging tough with subsidiary Altech Autopage. The diversified technology group’s CEO, Robbie Venter, says it has no plans to sell Autopage or its million-strong subscriber base after rival Reunert announced in April that it would sell Nashua Mobile’s base. The decision by Reunert means Autopage will soon be the last
Altron appears to be firing on all cylinders. The technology group, which owns Altech, Bytes and Powertech, has reported a 49% improvement in normalised headline earnings per share on the back of a 12% improvement in revenue. It has hiked its dividend to 80c/share, from 60c in 2013. The strong performance was underpinned
Altron has effectively increased its shareholding in subsidiary Bytes through a R669,2m cash deal in terms of which Bytes South Africa has acquired 27% of its equity held by two empowerment partners. The JSE-listed technology holding company controlled the Venter family said on Friday that it had acquired the shares from Kagiso Strategic
A strong performance by Altron’s newly created TMT division, which includes subsidiaries Bytes and Altech, is expected to underpin a sharp rise in the group’s earnings in the year to 28 February 2014. Altron informed shareholders on Thursday that it expects its headline earnings per share for the full year to be between
JSE-listed Altron, fresh from buying out minority shareholders in subsidiary Altech and delisting it from the stock exchange, has radically overhauled its corporate identity. The move comes after Altron, which was founded in 1965 by telecommunications engineer
Diversified industrial and technology group Altron has reported a 4% improvement in headline earnings per share (HEPS) in the six months ended 31 August 2013, rising from 79c a year ago to 82c in the latest reporting period. This was on the back of an 8% increase in revenue from continuing operations
JSE-listed technology group Altron is creating a new technology, multimedia and IT (TMT) division to house subsidiaries Altech and Bytes. It will be headed by Altech CEO Craig Venter, with Bytes CEO Rob Abraham reporting to Venter. Previously, Abraham reported to