Altron dips into the red in H1

Allied Electronics (Altron) has dipped into the red in the six months ended August 31, as the JSE-listed firm continued to experience “adverse” challenges weighing on its Powertech Transformers, Altech Multimedia, Altech Autopage and Altech Node business units. The group posted a basic loss a share of 151c for the first half of the financial year – a significant contraction on the basic earnings a share of 58c recorded in the prior corresponding period.