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Altech – a TMT strategy that works

By Eyal S Shevel

Altech‘s results for the year to 28 February 2002 were the latest in a line of excellent earnings to have been reported by the company. Headline earnings per share (HEPS) grew 21,5% to 268,1c despite the depressed global climate for telecoms, multimedia and technology (TMT) companies.

Over the past five years HEPS has grown at an annual rate of 33%. The operating improvements within the group were also significant with margins increasing to 9,9% from 7,7%. This translated into R357 million operating income notwithstanding the marginal decline in revenue. A dividend of 100c was declared.

Strong earnings performances were apparent throughout the group. In the telecoms division, both Autopage and Netstar entrenched their positions as the market leaders in their respective fields. Keep reading →

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The Big Change is a business strategy blog and newsletter published by Arthur Goldstuck, managing director of World Wide Worx, a leading technology research organisation based in Johannesburg, South Africa.

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