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DTC - Datatec Limited - Year End Earnings Update
DATATEC LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1994/005004/06)
ISIN: ZAE000017745
Share Code: DTC
("Datatec" or "the Group")
YEAR END EARNINGS UPDATE
Datatec, the international Information & Communications Technology (ICT)
group, today announces its year end earnings update for the year ended 29
February 2008. This update should be read in conjunction with the Group`s
Interim Management Statement (IMS*) announced on 15 January 2008.
The Group`s financial performance has improved for the fifth successive annual
reporting period, with a strong performance in the second half of the last
financial year.
For the year ended 29 February 2008, headline earnings per share and earnings
per share are each expected to be between 42 and 46 US cents (2007: 40.8 US
Cents and 40.0 US cents respectively).
Underlying earnings per share are expected to be between 44 and 48 US cents
(2007: 39.2 US cents). Underlying earnings per share excludes goodwill
impairment, amortisation of intangible fixed assets, profit or loss on sale of
assets and businesses and unrealised foreign exchange movements on inter-
company loans.
The Group expects to announce its preliminary results on Wednesday 14 May
2008.
The financial information on which this year end earnings update is based has
not been reviewed and reported on by Datatec`s external auditors.
* An Interim Management Statement (IMS) is a statement that the UK Financial
Services Authority now requires UK companies fully listed on the London Stock
Exchange to issue during the first six-month period of the financial year and
another statement during the second six-month period of the financial year.
The Group plans to publish its IMS statements in January and July each year.
Sandton
13 March 2007
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Enquiries:
Datatec Limited
(www.datatec.co.za)
Jens Montanana, Group Chief +44 (0) 1753 777353
Executive
David Pfaff, Group Finance +44 (0) 1753 797111
Director
Ivan Dittrich, Director +27 (0) 11 233 3297
Dresdner Kleinwort
Simon Russell/James Rudd +44 (0) 20 7623 8000
Investec
Erik Anderson/Andrew Pinder +44 (0) 20 7597 4000
College Hill
Adrian Duffield/Jon Davies (UK) + 44 (0) 20 7457 2020
Nick Williams/Fred Cornet (SA) +27 (0) 11 447 3030
Note to editors
Datatec is an international Information & Communications Technology (ICT)
group focused on the supply of advanced ICT and the delivery of professional
services into the higher growth segments of the global market. The Group`s
main lines of business comprise the global distribution of advanced networking
and communications convergence products (Westcon), IT infrastructure solutions
and network integration (Logicalis) and strategic telecommunications
consulting (Analysys Mason Group). Datatec is registered in South Africa and
its shares are listed in Johannesburg and London. The Group has over 3,000
employees around the world.
In the year to 28 February 2007, the Group reported an increase in revenue of
17% to $3,168 million (2006: $2,715 million), operating profit increased 45%
to $100 million (2006: $69 million), and headline earnings per share grew to
40.80 cents (2006: 26.9 cents).
Date: 13/03/2008 08:59:52 Produced by the JSE SENS Department.
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