The company saw operating profit before capital items lift 34% to R409 million, off revenue growth of 13% to R4.533 billion.<\/p>\n
Headline earnings per share lifted 19% to 261c.<\/p>\n
“Without doubt, the key highlight of the period was the ruling by the Pretoria High Court in favour of Altech Autopage Cellular permitting the company to have its existing value-added network services (VANS) licence converted into an individual electronic communications network service (I-ECNS) licence. <\/p>\n
"The Minister of Communications has subsequently brought an application for leave to appeal the decision, which Altech will be opposing,” said the company in a statement.<\/p>\n
It added that continued innovation and strategic restructuring have positioned it well to meet the challenges of the prevailing economic climate in South Africa.<\/p>\n
“Equally, the broader group is appropriately structured to manage the predicted convergence in the fields of voice, video and data in domestic and international markets.”<\/p>\n
With a strong order book and growing annuity revenue (which now represents 77% of group turnover), the liberalisation and deregulation of the telecommunications sector, Altech feels it is well positioned for “continued real growth” during the second half of the financial year.<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
High-technology group Allied Technologies reported on Tuesday that it had lifted its diluted adjusted headline earnings per share by 21% to 259c for six months to August 31. <\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_sma_x_autopost_status":"idle","_sma_x_autopost_error":"","_sma_x_post_id":"","_sma_facebook_post_id":"","_sma_instagram_post_id":"","_sma_threads_post_id":"","_sma_x_attempts":0,"footnotes":""},"categories":[17],"tags":[],"class_list":["post-5404","post","type-post","status-publish","format-standard","hentry","category-technology"],"_links":{"self":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/5404"}],"collection":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/comments?post=5404"}],"version-history":[{"count":0,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/5404\/revisions"}],"wp:attachment":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media?parent=5404"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/categories?post=5404"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/tags?post=5404"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}