ALTRON expected basic earnings per share of 1c for the six months to August, from a loss of 151c from the corresponding period in 2015, the company said on Monday. The group also expects headline earnings per share of 1c from a loss of 64c. The turnaround is attributed to the restructuring of some of its operations and the improved performance from core technology businesses, which have produced a "stable performance in what remains challenging macroeconomic conditions". Altron has been restructuring its operations following massive losses in recent years. It has been selling nonperforming and noncore assets, including Altech Autopage and Aberdare Cables. The company said it had paid about R1.5bn of the proceeds from the sale of assets to reduce its debts.READ THIS: Struggling Altron eyes new sectors Altron’s businesses are in the information technology and telecommunications sectors. It also manufactures, among other products, electronic and electrical components. The group’s nonc...
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