Data#3 reports another ‘best ever’ result declaring final dividend of 22 cents per share
August 22, 2007Dividends increase 29% to 36 cents on the back of 25% growth in earnings per share
BRISBANE, Wednesday 22nd August 2007. Data#3 Limited [ASX: DTL], a national information and communications technology (ICT) company, today announced another best ever result for the company and declared a final dividend of 22.0 cents per share to bring total dividends for the year to 36.0 cents per share.
With total revenue of $285.1 million, EBIT of $9.9 million, net profit after tax of $7.2 million and earnings per share of 46.1 cents, total dividends represent approximately 78% of profits available for distribution.
Chairman Richard Anderson commented “2007 was another outstanding year for Data#3, with growth in all areas of the business and all locations. A buoyant market continues to provide a foundation for this, however with our customer value proposition spanning from marketleading expertise in technologies from the world’s leading suppliers to ICT solutions delivered under our trademarked lifecycle delivery model, we created competitive advantage that translated into performance ahead of target in most areas of the business,” he said.
Highlights:
- Best ever reported result with revenues of $285.1 million – up 19%; NPAT of $7.2 million – up 26%; and basic earnings per share of 46.1 cents – up 25%
- Full year fully franked dividends of 36.0 cents per share – up 29%, and a strong increase in share price from $3.70 to $6.00 during the year, producing a total shareholder return of 72% for the year
- Contract revenues increased to 56.4% of total revenue
- Gross margin dollars increased by 16% with most significant growth in the specialist areas of Licensing Solutions and Recruitment Solutions
- Internal staff costs and operating expenses decreased as a percentage of gross margin by 1.5%
- Strong net operating cash inflows and no long-term borrowings
- Improvement in the key measures of staff and customer satisfaction
- Growth in all geographic regions
- Further acknowledgement of our industry leading expertise with various awards from the world’s leading ICT suppliers including excellence awards from IBM and HP; recognition by Microsoft as the Large Account Reseller of the Year for Asia Pacific for the third time in five years; and being nominated as one of three finalists in Microsoft’s global partner awards for our software asset management and software infrastructure design expertise.
Managing Director John Grant stated “We have worked very hard over the last few years to put in place an expert team with competitive offerings and committed partners and a culture that focuses on the customer first. These results are a manifestation of this hard work. We will continue to focus strongly on our areas of specialisation and intend to maintain our leadership position and to compete aggressively to grow the business.”
Data#3’s Annual General Meeting will be held on 2nd November 2007.
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