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Datacentrix expects interim earnings rise

Staff Writer
By Staff Writer, ITWeb
Johannesburg, 26 Sept 2014

ICT systems integrator Datacentrix says that it expects to report higher half-year earnings for the period ended 31 August, compared to the previous year.

The company says in a trading statement, released on Friday afternoon, that its earnings per share and headline earnings per share are expected to be between 10% and 20% higher than those reported in the corresponding period a year ago.

For the six-month period ended 31 August 2013, the JSE-listed company reported earnings per share of 20.9c and the headline earnings per share of 21c.

During the year-ago period, Datacentrix generated revenue of R1 billion, with earnings growing from R37.5 million to R40.9 million. The group saw cash earned from operations amounting to R48.1 million, reflecting a closing cash balance of R245.6 million.

Group also saw operating margin improved by 11%, to 5.5%, for the six-month period ended 31 August 2013.

The company's interim financial results are expected to be released around 7 October.

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