Noncore asset disposal remains a priority for Altron

JSE-listed Allied Electronics’ continuing operations delivered results in line with expectations in the six months ended August 31, despite difficult local economic conditions, a strengthening currency and one-off costs associated with the group’s restructuring processes. Speaking at a presentation of the group’s financial results presentation, in Johannesburg, on Thursday, CEO Mteto Nyati said the company was operating in “tough times”. During the six months, the strengthening of the rand ...