Altron flags sharp rise in H1 earnings
The tech group says HEPS is expected to come in between 105c and 110c, compared with 87c in the corresponding period last year.
Altron anticipates a significant surge in earnings per share (HEPS) for the first half of the year, with a potential increase of up to 27%. This growth is expected to be driven by expansion across all aspects of the company's operations. Trading statement reveals that HEPS are projected to fall between 105c and 110c, up from 87c in the same period last year.
This forecasted rise of 21% to 27% meets the JSE's criteria for a trading statement, indicating earnings differing by at least 20% from the previous period. Group earnings per share (EPS) are projected to grow more substantially, increasing by 41% to 47% from 66c in the previous half-year, to a range of 93c and 97c in the upcoming half-year.
The group figures incorporate both continuing and discontinued operations. Regarding continuing operations specifically, Altron forecasts HEPS to rise by 11% to 17%, moving from 96c to between 107c and 112c, with EPS from continuing operations expected to increase by 11% to 17%, from 84c to between 93c and 98c. The trading statement is issued according to the JSE Listings Requirements, paragraph 6.26, which mandates companies to issue a trading statement when they are confident their results will differ by at least 20% from the preceding period.
Altron is currently finalizing its interim results for the current half-year, scheduled for release by Monday, 2 November.
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