Disposals hit Datatec’s FY18 earnings

International information and communications technology (ICT) group Datatec posted earnings per share (EPS) of 20.5c for the year ended February 28, compared with the 1.4c reported in 2017, owing to the profits on the disposal of two businesses during the period under review. The company, however, reported an underlying loss a share of 5.6c for the 12 months under review, compared with EPS of 11c the year before, while headline earnings a share plunged into the red from earnings of 2c a share in 2017 to a loss of 19.1c in the 2018 financial year.