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Altron sells off Altron People Solutions it-online.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from it-online.co.za Daily Mail and Mail on Sunday newspapers.
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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.
Altron to sell more subsidiaries, including Xerox agency Altron CEO Mteto Nyati Altron plans to sell its Altron Document Solutions, Arrow and People Solutions subsidiaries, which it has identified as non-core. The JSE-listed technology group has already identified a range of parties that are interested in participating in a sale of these companies, CEO Mteto Nyati said in an investor presentation on Wednesday. Altron Document Solutions previously known as Bytes Document Solutions already has five interested parties, Nyati said. Document Solutions is the biggest authorised Xerox distributor in the world. Altron wants to complete, or be in the process of completing, the three disposals by the time it presents its 31 August interim financial results ....