Allied Electronics Corporation Limited provided earnings guidance for the year ended February 28, 2013. For the period, the company's headline earnings per share is expected to be lower by between 27% and 32% as against the previous corresponding period. Headline earnings per share has been affected by a very challenging second half for the Powertech operations, particularly in the Cables business, as well as the trading losses incurred by Altech's East and West African operations prior to their disposal.

Basic earnings per share is expected to be a loss of between 91 cents and 99 cents, as against a profit of 55 cents in the previous corresponding period. Basic earnings per share has been affected by a combination of the loss on disposal of Altech's East and West African operations, as well as the impairments taken at the half year with respect to these same operations.