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Altron will post higher earnings

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Allied Electronics (Altron) has alerted shareholders to the possibility to could post earnings as much as 25% higher than last year. 

The period is for the year ended 29 February, and headline earnings per share are expected to be between 30% to 35% higher.
While each of Altron`s sub-holding companies produced better than expected results, a key driver of the continued solid performance has been the significant demand for infrastructure-related products offered through Powertech, according to a statement from the group.
This demand has been driven by requirements from regional government and parastatals as well as the demand for industrial and commercial development in the building and construction sector.
Altron`s annual financial results are expected to be announced about 6 May.