{"id":552093,"date":"2007-04-24T08:35:17","date_gmt":"2007-04-24T08:35:17","guid":{"rendered":"http:\/\/localhost:8888\/wordpress\/technology\/552093-altech-lifts-heps.html"},"modified":"2007-04-24T08:35:17","modified_gmt":"2007-04-24T08:35:17","slug":"altech-lifts-heps","status":"publish","type":"post","link":"https:\/\/mybroadband.co.za\/news\/technology\/552093-altech-lifts-heps.html","title":{"rendered":"Altech lifts HEPS"},"content":{"rendered":"<p><font size=\"2\">Headline earnings per share was also up 10% to 418 cents from 379 cents a year ago.<\/font><\/p>\n<p><font size=\"2\">A dividend of 240 cents per share was declared, representing an increase of 15%. A special dividend of 1.00 rand per share was paid to shareholders during November 2006. <\/font><\/p>\n<p><font size=\"2\">Revenue was reported to have increased by 12% to 6.8 billion rand and operating income by 18% to 573 million rand.<\/font><\/p>\n<p><font size=\"2\">Net asset value per share increased from 1,721 cents to 1,863 cents with cash balances of 1.2 billion rand, which according to the company reflects the strength of Altech&#8217;s balance sheet. Return on shareholders&#8217; equity remained relatively strong, increasing from 22.1% to 22.7%.<\/font><\/p>\n<p><font size=\"2\">&quot;We believe real growth in the coming year will be achieved through increased orders at both Altech UEC and Altech Alcom Matomo, growing annuity revenue at Altech Autopage Cellular and Altech Netstar, the successful completion of turnaround initiatives at Altech NamITech&#8217;s South African operations, Altech&#8217;s ability to capitalise on future data growth (broadband) and related opportunities,&quot; the company said in a statement.<\/font><\/p>\n<p><font size=\"2\">&quot;Altech&#8217;s increasing presence in high growth emerging markets worldwide and carefully considered acquisition opportunities in line with its strategic focus, augur well for Altech&#8217;s performance in the new financial year,&quot; the company concluded.<\/font><\/p>\n<p \/>\n","protected":false},"excerpt":{"rendered":"<p>South African telecommunications firm Altech (ALT) announced on Tuesday that it had increased diluted headline earnings per share for the year to end February by 10% to 406 cents from a previous 368 cents.<\/p>\n","protected":false},"author":23,"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-552093","post","type-post","status-publish","format-standard","hentry","category-technology"],"_links":{"self":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/552093"}],"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\/23"}],"replies":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/comments?post=552093"}],"version-history":[{"count":0,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/552093\/revisions"}],"wp:attachment":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media?parent=552093"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/categories?post=552093"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/tags?post=552093"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}