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Data#3 expects to report sustained earnings growth

January 20, 2017

First half NPBT estimated to be approximately $8.0 million, an increase of around 30%

BRISBANE, Friday 20 January 2017: Australian business technology solutions leader Data#3 Limited (ASX: DTL) has advised that, subject to confirmation of the Discovery Technology result (62% owned by Data#3) and the Data#3 group half year audit, the consolidated net profit before tax (NPBT) for the first half of the 2017 financial year (1H FY17) is estimated to be approximately $8.0 million, representing growth of approximately 30% compared to 1H FY16’s NPBT of $6.1 million.

This is consistent with the first half projection provided at the AGM in November 2016, being NPBT in the range of $7.0 to $8.5 million.

The consolidated net profit after tax excluding non-controlling interests, and earnings per share, are also expected to increase by approximately 30% compared to 1H FY16.

These pre-audit estimates represent solid performance by the core Data#3 business, strong growth in services, and a modest profit contribution from Discovery Technology.

The board intends to announce the audited interim results and the interim dividend on 22 February 2017.

Click here to view the full press release.

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