Dividend expected to remain consistent with prior period
Australian business technology solutions leader Data#3 Limited (ASX: DTL) has confirmed that the net profit after tax for the 2013 financial year is expected to be approximately $12.1 million. This is within the previously announced guidance range of $11.0 to $12.5 million, and compares to $13.679 million for the 2012 financial year.
“A very strong fourth quarter has allowed us to deliver a solid full year NPAT result for shareholders. Cash flow finished 2013 very strongly and well ahead of our forecasts, with debtors inside all targets and inventory at its lowest level in over a decade. The business is in very good shape entering what is expected to remain a difficult market in 2014,” commented Data#3 Managing Director John Grant.
Chairman Richard Anderson added that “Assuming no material audit adjustments and on the back of our very strong balance sheet, we expect the full year profit after tax will enable us to maintain the quantum of the dividend in line with the previous period.”
The board intends to announce the audited full year results and the final dividend on 23 August 2013.
Click here to view the PDF version.
Tags: Data#3 News, Featured