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Altron’s share price rises after the streamlined ICT group posts strong financial results
The Mercury
|May 27, 2025
JSE-listed ICT group Altron’s share price increased over 3% on Monday after reporting a substantial 73% hike in headline earnings per share of continuing operations to 173 cents for the year to March 31, 2025.
There was strong growth in profitability, primarily driven by the Platforms segment. A 50 cent a share final dividend was up 52% over last year.
Revenue of continuing businesses was flat at R9.6 billion, impacted by the sale of the ATM Business hardware and support operations. Excluding ATM Business, revenue increased by 3%. The share was trading at R24.16 on Monday afternoon on the JSE, a price that had rallied from R13.20 a year ago.
This story is from the May 27, 2025 edition of The Mercury.
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