Johannesburg - Shares of Allied Technologies [JSE:ALT] rose 4% to R60.36, after the telecom and IT firm said it sees improved earnings in the second half of the year and that it will buy a controlling stake in European firm SetOne, a maker of digital video set-top box receivers, for €3.96m.
As expected, the company reported a 24% drop in first-half profit, hit by poor performance in its Kenyan data business.
However, it said certain negative factors will not recur in the second half of the year, without giving details.
As expected, the company reported a 24% drop in first-half profit, hit by poor performance in its Kenyan data business.
However, it said certain negative factors will not recur in the second half of the year, without giving details.