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 28 February 2010.
The financial performance of the Group remains in line with the expectations set
out in the Interim Management Statement on 14 January 2010. Accordingly, the
Board expects revenues of between $3.7 billion and $4 billion, profit after tax*
of approximately $44 million, underlying** earnings per share of approximately
29 US cents and both earnings* and headline* earnings per share of approximately
23 US cents.
The Board plans on maintaining the level of the annual capital distribution at
12 US cents per share for the financial year ended 28 February 2010. Further
details on the distribution will be included in the results announcement.
The Group ended the year with a very healthy net cash balance.
The Group expects to release its preliminary results for the year ended 28
February 2010 on Thursday 13 May 2010.
The financial information on which this statement is based has not been reviewed
and reported on by Datatec`s 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 put / call
options for minority shareholders in subsidiaries, which are required under IFRS
and are currently being assessed.
**Underlying earnings per share excludes goodwill and intangibles impairment,
amortisation of intangible fixed assets, profit or loss on sale of assets and
businesses, fair value movements on put/call options and unrealised foreign
exchange movements.
Enquiries:
Datatec Limited
(www.datatec.co.za)
Ivan Dittrich, Chief Financial +27 11 233 1221
Officer
Wilna de Villiers, Group +27 11 233 1013
Marketing Manager
Jefferies International Limited
Chris Snoxall / Rupert Mitchell +44 (0) 20 7029 8000
College Hill
Adrian Duffield / Jon Davies +44 (0) 20 7457 2020
(UK)
Fred Cornet / Hayley Crane (SA) +27 (0) 11 447 3030
11 March 2010
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 11/03/2010 09:43:01 Produced by the JSE SENS Department.
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