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