Altron shares rise on earnings news
Technology group reports revenue for the six months to August of R9.125bn, up 7% from a year earlier
Shares in technology group Altron soared as much as 20% on Thursday to their highest level in more than four years after reporting a rise in half-year earnings. The company declared an interim dividend at a time when firms are choosing to hold on to cash.
The group reported that revenue for the six months to August was 7% higher at R9.125bn compared to R8.531bn seen at the same time last year. Earnings before interest, tax, depreciation and amortisation rose 17% during the period to R883m. ..