FY2014 NPAT expected to be approximately $7.5M
Dividend payout ratio expected to remain consistent with prior year
Australian business technology solutions leader Data#3 Limited (ASX: DTL) has confirmed that the net profit after tax (NPAT) for the 2014 financial year is expected to be approximately
$7.5 million, compared to $12.1 million for the 2013 financial year.
This represents a second half NPAT of approximately $4.9 million, following $2.6 million in the first half, and is consistent with previous guidance.
“A very strong fourth quarter has allowed us to deliver a solid result in a difficult market, producing a full year result that was heavily skewed to the second half,” commented Data#3 Managing Director John Grant.
Chairman Richard Anderson added that “Cash flow in the 2014 financial year was very strong, further strengthening the balance sheet. Subject to final audit we expect to maintain the dividend payout ratio in line with the previous year.”
The board intends to announce the audited full year results and the final dividend on 21 August 2014.