Datatec issues earnings warning but still pays special dividend

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.

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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.
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