Altron: Basic earnings a share to triple

Allied Electronics (Altron) expected its basic earnings a share for the year to February would more than triple, the diversified technology manufacturer and distributor said yesterday. The company attributed the increased earnings to an improvement in the performance of its operations and the absence of once-off impairments, which had affected the results for the previous period. Headline earnings a share for the period under review were expected to grow by more than 20 percent, with results due to be posted on or about May 14. Altron shares soared 4.26 percent to close at R24.50. – Asha Speckman