ICT group Datatec says it expects revenues for the financial year ended February 2014 will be in the range of between $5.6 – $5.8 billion, from $5.25 billion in 2014.<\/p>\n
In a trading statement, Datatec said it expects profit after tax to be between $64 – $69 million, from $85 million before.<\/p>\n
Underlying earnings per share it said would come in at 34 – 37 US cents from 43.1 US cents in 2013, with earnings per share at 28 – 31 US cents, from 40.8 US cents earlier.<\/p>\n
The group expects headline earnings per share to slip to between 30 – 33 US cents, from 40.8 US cents previously.<\/p>\n
The group expects to maintain its distribution to shareholders of approximately 17 US cents per share in total for the year ended February 2014.<\/p>\n
In the Interim Management Statement on 15 January 2014, Datatec said it indicated
\nthat it might have to make a provision of up to $20 million relating to the recoverability of
\ncertain assets in Westcon North America.<\/p>\n
“The group has now recovered more than half of these legacy vendor claim assets. The balance has been written off, which has been reflected in the above estimates,” it said.<\/p>\n
It noted that overall, Westcon’s trading conditions remain unchanged since the IMS, while trading in Logicalis has remained robust in all major markets and Analysys Mason has had another strong performance.<\/p>\n
Datatec expects to release its full year results for the financial year ended February
\n2014 on 14 May 2014.<\/p>\n
Datatec shifts executive roles<\/strong><\/a><\/p>\n