On The Money - In Brief

Mergers, Acquisitions and Financial Results

- ICT infrastructure and solutions provider, Datacentrix, has announced its annual financial results for the year ended 29 February 2004. The company says that revenue has decreased by 1% to R764-million, compared to the corresponding period, affecting EBITDA (earnings before interest, taxation, depreciation and goodwill amortised), earnings and headline earnings per share, which are down 2%, 16% and 10% respectively. According to the company, net asset value per share has increased 17% to 97 cents, and tangible net asset value per share 27% to 81 cents compared to the corresponding period. Cash generated from operations was R28-million, resulting in R131-million cash on hand with no interest-bearing debt.