JSE-listed Datatec has issued a new trading statement that indicates higher earnings than previously forecast.
The networking, systems and IT services group says its results for the year to February will record headline earnings of 26.9 US cents per share.
According to earlier guidance from the group, provided on 10 March, headline earnings per share (HEPS) were expected to be in the range of 24c (all US cents) and 26c.
This compares with HEPS of 4c for the year to February 2005.
Attributable earnings per share (EPS) are now expected to amount to 26.5c, compared with previous guidance of between 18c and 22c.
The group achieved EPS of 38c for the previous year.
The group said previously that the decline in EPS was because the results for the 2005 fiscal year included exceptional profits on the sale of Logicalis Group`s Asia Pacific subsidiaries.
The Datatec share closed 95c or 3.3% up at 2 975c yesterday.
Related story:
Higher earnings from Datatec
Share