Altech has issued a statement informing shareholders of positive factors which will affect its results for its current financial year, ending 28 February.
Altech is currently operating well and has experienced growth in revenue and profits for the financial year, assisted by both its high level of recurring income and its strong financial position.
As a result, shareholders are advised that both Altech`s headline earnings per share and its adjusted headline earnings per share are expected to show positive growth over those of the previous corresponding period.
During the second half of the financial year the group has invested substantially in international submarine cable capacity and the expansion of its East African terrestrial fibre optic network. Profitable returns from these will be obtained in subsequent financial periods.