Browsing: Powertech

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Altron’s core operations performing well

Technology group Altron said on Thursday that it expects full-year headline earnings per share from continuing operations to rise by between 1% and 7%, while normalised Heps, stripping out once-off costs

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Altron to pursue acquisitions

JSE-listed Altron, now under the leadership of former MTN South Africa CEO Mteto Nyati, will pursue acquisitions to bolster its capability in four areas Nyati has identified as key to the technology group’s future growth. Nyati, speaking to TechCentral

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Altron to sell battery business for R300m

The Venter family-controlled Altron group has made further progress in disposing of non-core assets, announcing on Tuesday the planned sale by subsidiary Powertech Industries of Powertech Battery Group to Trinitas Fund for R300m in cash

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Altron turnaround takes shape

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 leaps higher on earnings update

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

In-depth
Altron’s spectacular fall from grace

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

News
Venters to take a back seat at Altron

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

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Altron suspends dividend after R1,1bn loss

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

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Altron sells Aberdare Cables

Altron is continuing to shed assets as it restructures its business to become as a more focused and leaner technology group. It announced on Thursday before markets opened that it has reached an agreement to dispose of subsidiary Powertech’s 75% equity stake

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