{"id":8930,"date":"2009-07-24T09:30:00","date_gmt":"2009-07-24T07:30:00","guid":{"rendered":""},"modified":"2009-07-24T09:30:00","modified_gmt":"2009-07-24T07:30:00","slug":"altech-still-making-progress","status":"publish","type":"post","link":"https:\/\/mybroadband.co.za\/news\/business\/8930-altech-still-making-progress.html","title":{"rendered":"Altech still making progress"},"content":{"rendered":"<p>Allied Technologies (Altech) said on Friday that despite the current adverse economic conditions and challenges, the group continues to make progress, after showing growth of 11% in revenue and 15% in adjusted headline earnings per share for its last financial year ended February 2009.<\/p>\n<p>&#8220;In adverse general market circumstances, the Altech group benefits, in particular, from its high proportion of annuity income, amounting to over 79% of total revenue, as well as its continuing emphasis on margin improvement, costs, working capital and cash flow,&#8221; it said in a business update.<\/p>\n<p>&#8220;Revenue and operating profits have increased as a result of good performance from operations combined with the benefit of recent acquisitions,&#8221; it added.<\/p>\n<p>Exciting opportunities for growth in the broadband and value-added network services sectors in East Africa are expected to add to Altech&#8217;s solid performance, it concluded.<\/p>\n<p><a href=\"http:\/\/mybroadband.co.za\/vb\/showthread.php?t=183770\"><strong>Altech discussion<\/strong><\/a><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Altech said on Friday that despite the current adverse economic conditions and challenges, the group continues to make progress<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-8930","post","type-post","status-publish","format-standard","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/8930"}],"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=8930"}],"version-history":[{"count":0,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/8930\/revisions"}],"wp:attachment":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media?parent=8930"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/categories?post=8930"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/tags?post=8930"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}