Data#3 confirms yet another record full year result

BRISBANE, Wednesday 25th July 2007. Data#3 Limited (ASX: DTL), an information and communication technology solutions company, today announced that results for the 2007 financial year were anticipated to be ahead of general market expectations.

  • Total revenue for FY2007 expected to exceed $280M
  • EBIT of approximately $9.9M forecast for FY2007, up 27% on previous year
  • Another record full-year result for the company
  • Intention to extend on-market share buy-back for 12 months

Subject to year-end audit, revenues in excess of $280M and EBIT of approximately $9.9M are predicted for the year ended 30th June 2007. This constitutes another record full year result for the company.

Revenues for the 2006 financial year were $239.6M, and EBIT was $7.8M, while revenues for the first half of 2007 were $135.8M, and EBIT was $4.1M.

Managing Director John Grant said the second half performance had more than met expectations.

“In a market which remains strong but competitive and in which there is considerable pressure on costs this result is exceptional and testimony to the investments we have made in developing market-leading expertise, the strong relationships we have maintained with our
customers and suppliers, and the commitment of our people,” Mr Grant said.

The Board intends to announce the audited full year results and the final dividend on 22nd August 2007.

Intention to extend on-market share buy-back

The Board also announced its intention to extend the on-market buy-back (of up to 10% of the company’s ordinary shares) for a further 12 month period, commencing 1st September 2007.

The on-market buy-back was introduced on 1st September 2006. To-date 44,115 shares have been purchased under the on-market buy-back, and have been cancelled.

“We are satisfied that the buy-back has helped achieve the objective of delivering improved shareholder return on a sustainable basis and reducing volatility in the company’s share price and the decision to extend it will maintain this position,” said Chairman, Richard Anderson. “We also intend to maintain our established dividend payment practice.”

Media Release 25 July 2007 PDF

Learn more about: