81.55%

Increase in profit from continuing operations

Venter said the disposal of the remaining non-core assets remained the group’s main priority to release capital to further strengthen the balance sheet and enable further investment into the core businesses.

During the previous financial year Altech Autopage, Altech Node, Altech Multimedia and the Powertech group were presented as discontinued operations and the assets have been classified as held for sale by Altron.

The group’s core businesses had shown resilience over the past two years.

“The group’s main offshore presence in the UK faces its own economic challenges given the recent Brexit decision. While this may dampen economic confidence in the region, it is not expected to have a material impact on these businesses, although the weaker pound will impact the contribution from these operations to the group’s results,” Venter added.

The group said it would move away from a familyowned business to an independent group in the future. Shares closed 0.58 percent up at R6.88 on the JSE yesterday.