Altron expects its interim basic earnings per share (BEPS) from total operations to be between 267% and 283% higher than a year ago.
This is according to a trading statement from the group, which advised shareholders that BEPS, for the six months ended 31 August, would be between 22cps and 23cps compared to 6cps in the previous corresponding period.
This time last year, Altron's turnaround strategy had started to yield results when the group saw headline earnings per share (HEPS) swing to a profit of 31cps for the six months ended 31 August 2016, compared to a loss of 64cps the previous year. BEPS also increased to 6cps versus the loss of 151cps in 2015.
Altron's revenue for the interim period last year, however, decreased by 14% to R11.4 billion last year.
Mteto Nyati took over as CEO of the JSE-listed company on 1 April, replacing Robbie Venter in the top job.
Altron's interim results for the financial half-year ended 31 August are expected to be announced on 26 October.
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