Datatec - Earnings update for the financial year e
Datatec - Earnings update for the financial year ended 28 February 2005
DATATEC LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1994/005004/06)
(Share code: DTC)
(ISIN: ZAE000017745)
(`Datatec` or `the Company`)
EARNINGS UPDATE FOR THE FINANCIAL YEAR ENDED 28 FEBRUARY 2005
Datatec is currently finalising its results for the financial year ended 28
February 2005 (`FY2005`), which are expected to be released on 18 May 2005.
In this regard, shareholders are advised that headline earnings of between 3 and
4 US cents per share are likely for FY2005, compared to a headline loss of 6.59
US cents per share in the previous financial year.
Datatec`s overall trading performance improved during the second half of FY2005
on both a sequential and comparative basis to previously reported half year and
full year results. Stronger revenues, with continued tight control of operating
expenses led to an expansion of operating profit. Considerable improvement in
the services related activities of the group, namely within the Logicalis and
Analysys Mason divisions, enhanced the overall results.
Attributable earnings per share are likely to be between 34 and 42 US cents per
share for FY2005, compared to a loss of 29.75 US cents per share in the
corresponding reporting period. This is largely as a result of exceptional
profits realised on the sale by Logicalis Group Limited of its Asia Pacific
subsidiaries earlier in the year.
The forecast financial information on which this trading statement is based has
not been reviewed and reported on by the Company`s auditors.
Sandton
25 April 2005
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
CORPORATE FINANCE
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
