LONDON (Thomson Financial) - Datatec Ltd. said it has delivered a strong
first-half performance, with improvements in revenues and profitability despite
the deteriorating macro-economic conditions.
The South African IT company said it expects second-half earnings per share,
headline earnings per share and underlying earnings per share to be similar to
or exceed that of the first half.
The company said pretax profit for the six months to end-August rose to
$47.18 million from $40.47 million, while revenue rose to $2.27 billion from
$1.92 billion a year ago.
The company said its geographic diversity, global presence and improving mix
of business are helping to mitigate the impact of the current economic climate.
The company said it remains focused on controlling operating expenses,
improving its cash position and diversifying its operations globally,
particularly in the faster developing economies.
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