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Altron expects to lift H1 earnings by 15%

25th September 2013

By: Natalie Greve

Creamer Media Contributing Editor Online

  

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JSE-listed Allied Electronics (Altron) expects normalised headline earnings a share (Heps) for the six months ended August 31 to be between 10% and 15% higher than the 81c posted in the prior comparable half-year.

The company, which recently acquired the remaining interest it did not already own in subsidiary company Allied Technologies for R1.8-billion, further expected its Heps over the same period to improve by as much as 5%.

In addition, basic earnings a share for the half year ended August 31 were expected to be between 75c and 85c, compared with the previous corresponding period’s loss of 3c a share.  

Altron will publish its interim financial results for the half year on October 8.

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

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