The financial performance of the Datatec group remains in line with the expectations it published on 14 January 2010, with revenues of between $3,7-billion and $4-billion expected.
Datatec has published a year-end trading update for the financial year ended 28 February 2010, whereby it anticipates 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.
The group ended the year with a healthy net cash balance.