Dual-listed Datatec expects to report revenue of $5 billion for the full year to February, in line with its previous guidance.
The company this morning issued a trading update and said profit after tax would be about $84 million, while headline and earnings per share would come in at around 42c, up from 22.8c and 23.9c, respectively.
Last year, the company turned over $4.3 billion and reported after tax profit of $46 million.
Datatec says in a statement to shareholders that, since it reported its interim management statement on 18 January, conditions have remained challenging in North America and Europe.
“There have been signs of recovery emerging in the US; however, the environment in the UK is still very weak. Latin America, in particular Brazil, had another period of exceptional performance.”
The group expects to release its full-year results for the financial year ending 29 February on 16 May.
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