• Conflict over water, coal

    SA's leaders have upped their support of the water-intensive coal industry, says Keith Schneider.

  • Cost of doing business

    The world can't afford the $4.7trn a year in environmental costs of business, says Mandi Smallhorne.

  • Voter paralysis

    With so much tilting voters against change, democratic reason is the loser, says Solly Moeng.

All data is delayed
Loading...
See More

Datatec shares dive after profit warning

Jan 16 2013 12:04
I-Net Bridge

Johannesburg - Shares in Datatec [JSE:DTC] dropped nearly 6% to their lowest point in about five months on Wednesday after the ICT group said its full-year performance would be lower than originally forecast.

Net profits in the year to February 2013 are expected to be in the range of $80m to $90m‚ from $89m a year ago.

CEO Jens Montanana said: “Our global reach and diversity are continuing to provide relative resilience against the poor economic backdrop of many of the world's economies. Although disappointed by the recent developments in Westcon‚ we are not immune to the continuing weakness in many sectors‚ especially in the more mature markets. We are already adjusting our business model accordingly.”

At 9:58am‚ the share price was down 5.76% to R46.65‚ valuing the company at R8.978bn.  

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

datatec

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Comments have been closed for this article.
 

Company Snapshot

We're talking about:

THE DEBT ISSUE

Debt is one of the biggest financial issues facing South Africans today. Find out how you can avoid and manage your debt with Fin24 and Debt Rescue.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

The upcoming petrol price hike is:

Previous results · Suggest a vote

Loading...