Alaris profits tumble by a quarter

AltX-listed antenna specialist Alaris Holdings says profits for its year to end June fell by a quarter as Covid-19 delayed projects and disrupted shipments to clients.

The group’s Finland-based COJOT business, which it acquired in 2016, saw a 32% decrease in profit after tax to R16m, as a result of customers delaying decisions during the pandemic. Alaris Holdings designs, develops, manufactures and sells specialised broadband antennas and other radio-frequency products.

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