Allied Electronics (Altron) has advised shareholders that its basic earnings per share for the year ending 28 February 2014 are expected to be more than 200% higher as against the previous corresponding period.

This increase is predominantly as a result of improved operational performance and the once off impairments in the prior year.

Headline earnings per share for the year ending 28 February 2014 are expected to be more than 20% higher than for the previous corresponding period.

Because the general election will be held on 7 May, Altron will release its financial results for the year on or about 14 May 2014.