Creamer Media Login

Altron expects higher H1 earnings

13th September 2017

Creamer Media Senior Deputy Editor

Font size: - +

JSE-listed Allied Electronics (Altron) expects a 16% to 36% rise in headline earnings per share (HEPS) for the six months to August 31 to be between 36c and 42c apiece, compared with the 31c apiece recorded in the corresponding half-year in 2016.

Similarly, basic earnings per share (EPS) are expected to reach a minimum of 20c for the six months under review, up from the 6c reported in the prior corresponding period.

HEPS for Altron’s continuing operations for the period under review are projected to decrease by 13% to 17% to between 45c and 47c a share, compared with the 54c reported in the prior half-year.

On a normalised basis, excluding significant one-off restructuring costs, earnings before interest, taxes, depreciation and amortisation and headline earnings for the continuing operations are expected to show growth in excess of 10%.

Basic EPS are anticipated to fall to between 41c and 45c, some 16% to 24% lower than the 54c achieved in the prior corresponding half-year.

Turning to Altron’s discontinued operations, which includes the entire Powertech group, Altech Autopage and Altech Multimedia, the group expects a headline loss a share of between 5c and 9c in the six months to August 31, a 61% to 78% improvement on the prior half-year.

The discontinued operations are expected to deliver a basic loss a share of 14c to 22c, narrowing by between 54% and 71% from the loss of 48c in the first half of 2016.

Altron is scheduled to publish its half-year results on October 25.

Edited by Creamer Media Reporter

Comments

The functionality you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

Click Here

MAGAZINE & ONLINE

➕

RESEARCH CHANNEL AFRICA

➕

CORPORATE PACKAGES

CLICK FOR A QUOTATION

➕