JSE-listed Datatec says improved trading across all its subsidiaries will mean a profit surge in its interim results, which are expected to be released on 26 October.
A Stock Exchange News Service announcement issued by Datatec says headline earnings should rise to between 11 and 12 US cents per share compared with 0.1 US cents for the same period last year.
The group also says the overall financial performance has improved on a sequential and a comparative basis.
Attributable earnings per share are likely to be between nine and 10 US cents per share for the interim period, the company says, compared to 39.98 US cents per share for the six months ended 31 August 2004. This set of results was underpinned by the exceptional profits realised by the sale by Datatec subsidiary Logicalis of its Asia Pacific interests for $66 million.
Some 95% of Datatec`s revenues come from its European and North American businesses.
In midday trade today, the Datatec share price was trading flat at R17.50 after rising to R17.70 in the morning.
"The market had already factored in the Datatec news," a JSE trader says.
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