06 Oct - 2 min read
Trading statement Datatec Limited (Incorporated in the Republic of South Africa) (Registration number: 1994/005004/06) Share code: DTC ISIN: ZAE000017745 TRADING STATEMENT Datatec Limited (JSE: DTC, "Datatec" or "the Group" or "the Company"), the international Information and Communications Technology (ICT) company is publishing a trading statement for the six months ended 31 August 2021 ("H1 FY22"). The comparative six months ended 31 August 2020 is referred to as "H1 FY21" throughout this announcement. Shareholders are referred to the trading update for H1 FY22 published on SENS on 15 September 2021. In terms of the JSE Limited Listings Requirements, companies are required to publish a trading statement as soon as they are satisfied that a reasonable degree of certainty exists that the financial results for the period to be reported on next will differ by at least 20% from the previous corresponding reporting period. Datatec now expects that all earnings per share metrics for H1 FY22 will be more than 100% higher than the reported earnings for H1 FY21: - Underlying* earnings per share is expected to be between 8.0 and 8.5 US cents (H1 FY21: 3.9 US cents), being 4.1 to 4.6 US cents (more than 100%) higher than H1 FY21. - Headline earnings per share is expected to be between 6.1 and 6.4 US cents (H1 FY21: 1.6 US cents), being 4.5 to 4.8 US cents (more than 100%) higher than H1 FY21. - Earnings per share is expected to be between 6.1 to 6.4 US cents (H1 FY21: 1.6 US cents), being 4.5 to 4.8 US cents (more than 100%) higher than H1 FY21. Forecast information The estimated financial information contained in this trading statement has not been reviewed nor reported on by the Group’s external auditors. The Company expects to release its interim results for H1 FY22 on or about 28 October 2021. * underlying earnings per share excludes impairments of goodwill and intangible assets, profit or loss on sale of investments and assets, amortisation of acquired intangible assets, unrealised foreign exchange movements, acquisition-related adjustments, fair value movements on acquisition-related financial instruments, restructuring costs relating to fundamental reorganisations and the taxation effect of all of the aforementioned. Sandton 6 October 2021 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 06-10-2021 08:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.