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Datatec expects to report improvement in H1 earnings

2nd October 2018

By: Simone Liedtke

Creamer Media Social Media Editor & Senior Writer

     

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Following a strong start to the year, JSE-listed Datatec expects a more than 20% increase in all earnings a share metrics for the first six months ended August 31.

The international information and communications technology company further said, on Tuesday, that a solid operational performance was achieved across all divisions with the reshaping of Westcon International and central cost reductions proceeding to plan.

In this regard, underlying earnings a share are expected to be between $0.03 and $0.04, between $0.016 and $0.026 higher than the first half of prior financial year.

Underlying earnings a share from continuing operations are expected to be between $0.03 and $0.04, compared with a loss a share of $0.087 in the previous comparable period.

Headline earnings a share are expected to be between $0.005 and $0.01, compared with a loss a share of $0.058.

Datatec’s interim results for the six-month period are expected to be released on October 18.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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