/PRNewswire/ LBB Specialties (LBBS), a leader in North American specialty chemicals and ingredients distribution, announced it has entered into an agreement.
LBB Specialties Announces Agreement with Caltron Clays finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.
May 17, 2021
JSE-listed technology company Altron has announced that invoiced income gain 4% to R7.7 billion, while cash from operations grew 31% to R2,2-billion for the financial year to end February.
Shareholder value was unlocked by 152% from a share price of R20.19 to a share value of R50.80.
Earnings before interest, tax, depreciation, and amortisation (EBITDA) declined 8% to R1-billion. The operating free cash flow of R612-million increased by more than 600%. Cash generated from operations was up 31% to R2,2-billion while headline earnings per share (HEPS) declined 18% to 31c a share. A dividend of 15 cents per share was declared.
“The cost containment measures taken across our operations to minimise the impact of Covid-19 have positioned us well,” says Altron Group chief executive, Mteto Nyati. Several businesses in the group were restructured during year to protect and maintain profitability.
Altron Group reports a decline in headline earnings iol.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from iol.co.za Daily Mail and Mail on Sunday newspapers.