Data#3 expects significant upgrade in first half result
Projecting a first half NPBT in the range of $10M to $11M, an increase of approximately 50 to 60%
BRISBANE, Friday 5th November 2010. The Board of Directors of Data#3 Limited
(ASX:DTL) today announced that the company is on track to significantly improve its first
half financial performance over the outstanding FY09/10 result.
Chairman Richard Anderson indicated that while the global situation remained uncertain
domestic economic conditions were improving. “We are seeing increased levels of
investment by our customers but continued diligence on price and value. At the end of
October performance is ahead of plan and the first half is expected to be significantly
ahead of the previous year,” he said.
Managing Director John Grant commented that current forecasts for November and
December while early and subject to many variables, predicted first half net profit before
tax would most likely finish in the range of $10 million to $11 million, up approximately
50% to 60% on the previous corresponding period.
“This is a great position to be in however we would caution shareholders against
projecting these results into the full year. We have seen some shift in seasonality toward
the first half and we will be incurring a range of occupancy and people related expenses
in the second half which are not in the first half. We will advise shareholders should
things change materially and will provide more details at the half year,” he said.
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