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Data#3 confirms guidance of about $12.1 million in NPAT in 2013

Data#3 confirms guidance of about $12.1 million in NPAT in 2013

Says business is in good shape while entering a difficult market in 2014

ASX-listed ICT services provider, Data# 3, has confirmed a net profit after tax guidance for the financial year ending June 30, 2013 to be about $12.1 million.

The new guidance is within the company’s previously announced guidance of $11.0 to $12.5 million, the company said in a statement.

Data# 3 managing director, John Grant, said, “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.

Data#3 chairman, Richard Anderson, said, “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.

Data# 3 posted $811 million in revenues in the 2012 financial year and $406 million for the first half of the 2013. The company is headquartered in Brisbane with offices across Australia, and has about 1,000 permanent and contracted employees.

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