Data#3 anticipates full year to be ahead of expectations

EBIT expected to be up approximately 13% on previous year

BRISBANE, Monday 19th July 2010. Data#3 Limited (ASX: DTL), an information and communication technology solutions company, today announced that results for the 2010 financial year were expected to be ahead of analyst forecasts.

  • Total revenue of approximately $599M expected for FY2010, up 13% on the previous year
  • EBIT of approximately $15.2M forecast for FY2010, up 13% on the previous year
  • Another record full-year result for the company

Analyst EBIT forecasts for FY2010 were in the range $14.3M to $14.7M.

Revenue for the first half of FY2010 was $306.7M, and EBIT was $6.4M. Revenue for the FY2009 was $530.5M, and EBIT was $13.4M.

Managing Director John Grant said the second half performance had exceeded earlier guidance.

“We’re very happy with this result particularly given the increasing share coming from all regions outside Queensland” Mr Grant said. “At the half year we expected a more difficult second half and advised that our objective was to at least equal the earnings result of the previous year. We are delighted that we’ve managed a particularly strong finish to the year. While the auditors still have to complete their review, we anticipate our full year profit after tax will be up around 11% on the previous corresponding period.”

The board intends to announce the audited full year results and the final dividend on 23rd August 2010.

Chairman Richard Anderson commented that “Subject only to finalizing the result and completing the audit we intend to maintain our established dividend payment practice.

Media Release 19 July 2010 PDF

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