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Datatec sees higher earnings

Staff Writer
By Staff Writer, ITWeb
Johannesburg, 15 Sept 2011

The company, listed on the JSE and London Stock Exchange, says revenue for the six months to August is expected to come in at about $2.4 billion, compared to around $2.1 billion a year ago, and margins will have improved overall.

Earnings per share and headline earnings per share are expected to be between 19c and 20c per share, compared to 8.8c in the previous year, an increase of between 116% and 127%.

Underlying earnings per share are expected to be between 21c and 22c per share, compared to 15.8c per share a year ago, which is an increase of between 33% and 39%.

JSE rules require companies to inform shareholders as soon as they are earnings will differ by more than 20% from the previous corresponding period.

Datatec's results are expected to be published on 12 October.

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