BRIEF-Datatec Says Full Impact Of Coronavirus On Business Remains Unclear At This Stage

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BRIEF-Datatec Says Full Impact Of Coronavirus On Business Remains Unclear At This Stage
Credit: © Reuters.

March 20 (Reuters) - Datatec Ltd DTCJ.J :

* BUSINESS & COVID-19 UPDATE

* DATATEC IS IN PROCESS OF FINALISING ITS RESULTS FOR FY20

* SOLID FY20 FINANCIAL PERFORMANCE IN ALL OF ITS DIVISIONS

* FULL IMPACT OF CORONAVIRUS ON OUR BUSINESS REMAINS UNCLEAR AT THIS STAGE

* BALANCE SHEET REMAINS STRONG AND IS EXPECTED TO REPORT A REDUCTION IN NET DEBT AT FEBRUARY FY20, COMPARED TO NET DEBT AT 31 AUGUST 2019

* FOR FIRST FEW WEEKS OF FY21 TO DATE, ORDER INTAKE FOR WESTCON HAS BEEN AHEAD OF THIS TIME LAST YEAR

* IN LOGICALIS, ORDER INTAKE FOR MARCH IS EXPECTED TO BE AHEAD OF MARCH LAST YEAR

* SO FAR WE HAVE EXPERIENCED LIMITED SUPPLY CHAIN INTERRUPTIONS

* SEEING INCREASED DEMAND FOR OUR REMOTE ACCESS COMPUTING, SECURITY AND COLLABORATION NETWORKING SOLUTIONS

* FULL IMPACT OF CORONAVIRUS ON OUR BUSINESS REMAINS UNCLEAR AT THIS STAGE

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