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BRIEF-Allied Electronics H1 HEPS up 10 pct to 54 cents
October 19, 2016 / 6:25 AM / a year ago

BRIEF-Allied Electronics H1 HEPS up 10 pct to 54 cents

Oct 19 (Reuters) - Allied Electronics Corporation Ltd

* Six month revenue for core operations increased by 10 pct to r7.5 billion from r6.8 billion in prior year

* Six month ebitda increased by a pleasing 18 pct from r378 million to r445 million

* Headline earnings from continuing operations improved to r183 million from r164 million, resulting in a 10 pct increase in headline earnings per share to 54 cents

* 10 pct increase in headline earnings per share to 54 cents for six months ended Aug 31

* As group reduces in size we will continue with process of rationalising head office and corporate costs

* Our main offshore presence in UK faces its own economic challenges given recent Brexit decision

* Weaker pound will impact contribution from UK operations to group’s results

* While this may dampen economic confidence in region, it is not expected to have a material impact on UK businesses Source text for Eikon: Further company coverage:

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