Information and communications technology group Datatec said revenues and earnings had improved in the first half but growth had slowed as the macro-economic climate became more uncertain.
This became more pronounced in the second quarter in all regions with the exception of Latin America, the firm said.
However, the company said its 2013 financial year forecast remained unchanged despite the increasingly uncertain economic outlook.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Group revenue was up 7% to $2.62bn, with gross margin increasing slightly to 14.4%.
Profit before tax was down sightly to $60.4m, while headline earnings per share increased by 6% to 20.7p.
"The diversity of our business streams and our global footprint continue to be strong assets, allowing the Group to deliver a relatively strong performance against a disappointing market," said Chief Executive Jens Montanana.
"Based on current exchange rates and trading conditions our full year forecast remains unchanged but has become more challenging than we anticipated in May."
-
Why you should not sell in MaySell in May is a strategy commonly applied to avoid poor returns - but does the theory still stand strong in 2024 or is it simply a fool's game, says Kalpana Fitzpatrick
-
Which region will see biggest house prices growth by 2028? What the latest Savills forecast saysNews House prices could see a turnaround over the next five years, according to Savills, as mortgage rates and cost of living pressures ease
