https://www.engineeringnews.co.za
Financial|Technology|Westcon|Operations
Financial|Technology|Westcon|Operations
financial|technology|westcon|operations

Datatec’s underlying, headline earnings expected to swing back into the black

7th May 2019

By: Natasha Odendaal

Creamer Media Senior Deputy Editor

     

Font size: - +

The underlying earnings and headline earnings of information and communications technology firm Datatec are expected to swing into positive territory for the financial year ended February 28.

In a trading statement issued to shareholders on Tuesday, the company reported anticipated underlying earnings a share of 6.6c – 12.2c higher than the 5.6c underlying loss a share posted for the 2018 financial year and 23.8c higher than the 17.2c underlying loss a share from continuing operations reported for the 2018 financial year.

Headline earnings a share for the year under review are expected to increase to 0.7c, a 19.8c rise on the 19.1c headline loss a share and 30.6c higher than the 29.9c headline loss a share from continuing operations reported in the prior financial year.

“The year-on-year increase in underlying earnings a share and headline earnings a share is primarily as a result of the very good progress made in reshaping Westcon International, combined with continuing improved performance in Logicalis and Analysys Mason,” the company said.

The company expects to post earnings a share of 5.5c, which is 15c, and 73%, lower than the 20.5c in 2018, as a result of the profit generated on the sale of the disposal group – the sale of Westcon Americas to Synnex and the sale of Logicalis SMC – last year.

Earnings a share from continuing operations will be 0.6c in the year under review, a 53.9c surge on the 53.3c loss a share from continuing operations in 2018.

Datatec will publish its financial results on May 16.

Edited by Creamer Media Reporter

Comments

Showroom

GreaseMax
GreaseMax

GreaseMax is a chemically operated automatic lubricator.

VISIT SHOWROOM 
Universal Storage Systems (SA)
Universal Storage Systems (SA)

South African leader in Steel -Racking, -Shelving, and -Mezzanine flooring. Universal has innovated an approach which encompasses conceptualising,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.047 0.104s - 168pq - 2rq
Subscribe Now