October 19, 2016 / 6:26 AM / 3 years 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:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below