| Thu 15 Mar 2012, 9:00 | | DTC - Datatec Limited - Pre-close year end statement |
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DTC
DTC
DTC - Datatec Limited - Pre-close year end statement
DATATEC LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1994/005004/06)
ISIN: ZAE000017745
Share Code: DTC
PRE-CLOSE YEAR END STATEMENT
Datatec, ("Datatec" or the "Group", JSE and LSE: DTC), the international
Information and Communications Technology ("ICT") group, is today publishing a
year-end trading update for the financial year ended 29 February 2012.
The Group`s profitability and earnings for the full year are expected to be in
line with the original forecasts published during 2011 and confirmed in the
Interim Management Statement on 18 January 2012 ("IMS").
Since the Group reported its IMS on 18 January 2012, conditions have remained
challenging in North America and Europe. There have been signs of recovery
emerging in the US, however the environment in the UK is still very weak. Latin
America, in particular Brazil, had another period of exceptional performance.
For the financial year ending 29 February 2012, the Group expects revenues of
approximately $5 billion (2011: $4.3 billion), profit after tax* of
approximately $84 million (2011: $46 million), underlying** earnings per share
of approximately 47 US cents (2011: 37.9 US cents) and both earnings* and
headline* earnings per share of approximately 42 US cents (2011: 22.8 and 23.9
US cents respectively).
The Group expects to release its full year results for the financial year ending
29 February 2012 on or about Wednesday 16 May 2012.
The financial information on which this statement is based has not been reviewed
and reported on by Datatec`s external auditors.
*The forecasts for profit after tax, earnings per share and headline earnings
per share do not take into account any fair value gains or losses on acquisition
related financial instruments (including put option liabilities), which are
required under IFRS.
**Underlying earnings per share excludes goodwill and intangibles impairment,
amortisation of acquired intangible assets, profit or loss on sale of assets and
businesses, fair value movements on acquisition related financial instruments
and unrealised foreign exchange movements.
Enquiries:
Datatec Limited
(www.datatec.co.za)
Ivan Dittrich - Chief Financial +27 (0) 11 233 1221
Officer
Jefferies Hoare Govett - Nominated Advisor and Broker
Nick Adams/Tom Rider +44 (0) 20 7029 8000
finnCap - Broker
Tom Jenkins/Henrik Persson +44 (0) 20 7220 0500
College Hill
Adrian Duffield/Rozi Morris +44 (0) 20 7457 2020
(UK)
Frederic Cornet (SA) +27 (0) 11 447 3030
Sandton
15 March 2012
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 15/03/2012 09:00:01 Produced by the JSE SENS Department.
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