Altron FY earnings hit by ‘disappointing’ year

JSE-listed Allied Electronics (Altron) aims to “restructure and refocus” after emerging from a year of challenges that had significantly hampered its financial performance in the period to February 28. Altron CEO Robert Venter said a “fundamental review” was under way after the faltering performance of several units sent headline earnings a share plunging 50% to 94c for the year under review.