Data#3 projecting full year profit consistent with the long term trend
FY2012 NPBT projected to be in the range of $18.5M to $19.5M
BRISBANE, Friday 15 June 2012: Australian Information and Communications Technology leader Data#3 Limited (ASX: DTL) today confirmed that the pre-tax profit for the 2012 financial year is expected to be in the range of $18.5 to $19.5 million.
While subject to a number of transactions to be finalised before 30 June, and the subsequent year-end audit, this result would be consistent with the long term growth trend.
With cash flow remaining strong and minimal debt, the board intends to continue dividend payout rates similar to those of previous years. The final results and dividend will be announced on 24 August 2012.
“This is a very solid result considering the difficult economic environment and the resulting tendency for our customers to delay major IT projects,” commented Data#3 Managing Director, John Grant. “Data#3 has achieved steady revenue growth in a period of challenging industry dynamics. With the previously foreshadowed higher levels of investment, profit for the 2012 financial year is expected to be below the exceptionally strong result of the 2011 financial year, but consistent with the long term trend. On balance, we see this as a very good outcome that positions Data#3 well for the 2013 financial year,” Mr Grant said.
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