Altron, the South African technology group, said Monday that headline earnings per share from continuing operations will be at least 40% or 41 cents higher in the 12 months to end-February than 103 cents reported for the previous year.
The share price fell 2.37% to R20 but remained more than double the R9.71 it traded at a year ago.
This was after Netstar surpassed 2 million subscribers mark, driving revenue growth and double-digit increases in earnings before interest, tax, depreciation, and amortisation (EBITDA), and operating profit.
In addition, the Platforms segment maintained a strong year-to-date performance, Altron directors said in a trading statement Monday.
“Altron’s focus on customer obsession, disciplined strategy execution, and profit improvement strategies have driven continued positive momentum into the second half,” they said.
Continuing operations earnings…