Corporate News
Title | Date |
|---|---|
| Altech shows impressive growth Altech, the JSE-listed information and communications technology company in the Altron group, has recorded solid results for the year ended 28 February 2006, improving headline earnings per share by 12% to 379 cents. Revenue increased by 9% to R6 billion, with operating income of R485 million. With EBITDA up 16.8% to R722million, Altech recorded a return on equity of 22.1% and declared a dividend of 209 cents per share (2005:174 cents) for the year. The directors note that Altech’s balance sheet remains strong, with net asset value of 1 721 cents per share and cash of R1.5 billion. | 19 April 2006 |
| Altech shows impressive growth Allied Technologies Limited, Altech, continued to show impressive growth and increased shareholder value when the group today released its interim results for the half-year period ended 31 August 2004. Altech is a member of the Altron group of companies. | 5 October 2004 |
| Altech signs value added partner deal with HUAWEI JSE-listed Allied Technologies Limited (Altech), with an annual revenue of R10 billion, today announced it has signed a long term Value Added Partner agreement with Huawei, a leading global information and communications technology (ICT) solutions provider. | 29 August 2012 |
| Altech slams digital standards delay The delayed announcement by the Department of Communications about which standard will be adopted for digital terrestrial television set-top boxes in South Africa is bad for the country, industry, economy and employment, says Altech. Altech is a major industry player as a manufacturer of set-top boxes (STBs) by its subsidiary, Altech UEC. | 20 September 2010 |
| Altech solid results impress - AGAIN! Allied Technologies Limited, Altech, has reported impressive financial results for the year ended 28 February 2002 and has concluded its sixth full consecutive year of solid growth, highlighting its resilience during continuing economic uncertainties. Altech, a leading listed South African multi-billion Rand high-technology group involved in the convergence telecommunications, multi-media and electronics, and technology (IT), together TMT, is a member of the Altron group of companies. | 29 April 2002 |
| Altech statement regarding its Econet investment Allied Technologies Limited (“Altech”) regrets that circumstances involving Econet Wireless Global Limited (“EWG”), in which Altech holds 50% plus one share of the equity, have necessitated the decision by Altech’s board to apply for a fair and equitable winding up of EWG or a court order that Altech should buy the interests of EWG’s other shareholders in EWG (or that they should buy Altech’s investment in EWG). | 8 August 2005 |
| Altech supports orphaned children with R527,000 donation JSE listed Allied Technologies Limited (Altech) has donated R527, 000 to the Villa of Hope children’s home in Nancefield, Eldorado Park in support of an M-Net Cares initiative. The donation includes funds for refurbishment and a tertiary education bursary for one of the children at the home. | 2 June 2011 |
| Altech to sell Namitech South Africa to Gemalto Gemalto, the world leader in digital security, and Allied Technologies Limited (Altech) announced today, that they have entered into an agreement whereby Altech will sell its Altech NamITech South Africa business to Gemalto. Altech NamITech, with revenues of approximately ZAR 200Million (€15Million), is a leading provider of secure cards and services in the Southern African area. | 17 December 2008 |
| Altech trading statement Shareholders are referred to the business update published by Altech on SENS on 24 July 2009. Despite the current adverse general economic conditions and challenges Altech continues to make progress and benefits from its high proportion of annuity income. All Altech operations are exceeding budget expectations – in particular, Altech East Africa, thus resulting in an annuity contribution in excess of 79%. Shareholders are now advised that a reasonable degree of certainty exists regarding expectations that Altech’s | 14 September 2009 |
| Altech well positioned for future growth Allied Technologies Limited, Altech, is well positioned to show real growth in the coming year with orders on hand at an exceptional R824 million (2003 : R154 million) and with approximately 65 percent of revenues based on annuity income. | 4 May 2004 |
