Solid revenue growth in a challenging market
Data#3 BRISBANE, Australia – 22 February 2010 – Data#3 Limited [ASX:DTL] today declared a record interim profit with the announcement of results for the half year ended 31 December 2009. Following an increase of 17% in the after tax earnings for the first half over the previous
corresponding period, the Board of Directors of Data#3 Limited declared a fully franked interim dividend of 23 cents per share to be paid on 31 March 2010.
“Once again we are delighted to extend the run of ‘best ever’ performances to seven years. The interim dividend of 23 cents per share is a 15% increase on the previous corresponding period and, in an environment which remains challenging, again is indicative of the solid market positioning and the inherent resilience of our business. As national and global economic indicators improve we are doing all that we can to improve on the earnings result of the previous year,” commented Richard Anderson, Chairman of Data#3.
|Revenue by segment:||$266,753||$190,549||+40%|
|Revenue by area of specialisation:|
|Total gross margin||$43,413||$40,017||+8.5%|
|Earnings per share||30.69 cents||26.16 cents||+17%|
|Dividend per share||23.0 cents||20.0 cents||+15%|
Commentary on Performance
For the company overall:
For our areas of specialisation:
Overhead expenses increased 35% over the previous corresponding period in large part due to the continued investment in improving internal operational systems and processes.
“This was a very strong result, one of the best in the sector,” said Data#3’s Managing Director John Grant. “However while most indicators point to financial conditions improving, we remain cautious and intend to provide greater clarity on our expectations for the full year as the
second half progresses.”
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