News Formal

Datatec issues earnings warning but still pays special dividend

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

Business News News

The group sold one of its units, which sent the company’s share up on Tuesday

ICT group Datatec expects to report a drop in earnings of up to a third for its six months to August, owing to a strained global economy struggling with the effects of inflation, supply chain issues and a continuing European war.

Despite the downturn in the results, the group has declared a special dividend after selling one of its units, which sent the company’s share up on Tuesday...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Datatec issues earnings warning, declares big dividend from selling management consulting armThe company that owns technology distributor Westcon has warned shareholders to expect substantially lower earnings, while paying them a substantial dividend after selling its management consulting division.
Source: mybroadband - 🏆 11. / 67 Read more »