Even with the business in strong shape, Altron has warned that Covid-19 is expected to have a negative effect on its business
Listed technology group Altron has declared a 40% lower dividend in a move to maintain its cash reserves in uncertain times.
Headline earnings per share from continuing operations were up 2% to 182c while basic earnings per share increased by 4% to 184c. In a statement, Mteto Nyati, Altron’s CEO said: “We have seen an increase in interest from customers for more resilience in their remote IT capabilities.”
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Durban metro cop hangs up his hat after 40 years on the jobAfter 40 years of chasing crooks and upholding law and order, Senior Superintendent Eddie von Bargen will be saying goodbye to his days as a Metro police officer.
Read more »
'This is horrible': businessman describes the pain of laying off 40 staffA business owner whose company was crippled by the coronavirus and lockdown told TimesLIVE of the emotional turmoil he has endured after having to lay off workers
Read more »
Cartrack declares final dividend amid rapid subscriber growthThe vehicle recovery company says profits rose by more than 25% in its year to end-February, and it is comfortable paying a final dividend
Read more »
Dividend payment remains on track at CartrackDespite the growth rate having plummeted, the company still had a strong balance sheet
Read more »
Investors unfazed as Transaction Capital hangs on to interim dividendShares jumped to their highest close in almost two weeks as the CEO eyes the resumption of taxi activity
Read more »
Durban metro cop hangs up his hat after 40 years on the jobAfter 40 years of chasing crooks and upholding law and order, Senior Superintendent Eddie von Bargen will be saying goodbye to his days as a Metro police officer.
Read more »