Datatec opts not to pay dividend despite return to profit

Datatec’s results were “solid”, said Aslam Dalvi, portfolio manager at Kagiso Asset Management. “The growth outlook for the group remains positive with Westcon International now firmly on the path to recovery.”

“Westcon International’s recovery is now established, having met the principal objectives around shared services and central cost reductions, with further improvements expected,” he said. “Building on the successful turnaround of financial year 2019, we are confident our operations are well positioned to improve their performances further and support our group strategy.”

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