Altron upbeat about prospects, but clients still hold off on large projects

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Altron upbeat about prospects, but clients still hold off on large projects 🔒

JSE-listed technology group Altron is optimistic about its prospects after Covid-19 boosted services such as digital security and cloud computing, but it says many clients are holding back on large projects.

Revenue from continuing operations rose 2% to R3.5bn in the group’s six months to end-August and operating profit grew 71% to R173m, but the group’s dividend fell 79% to 7c, a reflection of what is now a smaller group than before...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

 

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