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.

More about: Data#3

Comments

Tony Heywood

1

Congratulations to the Data#3 team on another excellent result.

Comments are now closed.
Related Coverage
Related Whitepapers
Latest Stories
Community Comments
Tags: Guidance, Data#3
Get exclusive access to ARN's news, research and invitation only events.
ARN Distributor Directory
ARN Vendor Directory
Microsites

iAsset is a channel management ecosystem that automates all major aspects of the entire sales,marketing and service process, including data tracking, integrated learning, knowledge management and product lifecycle management.

 

Latest News

Apr 17
Splunk exec defects to tech disruptor Elasticsearch
Apr 17
JCurve acquisition to boost telco play following $A2.5m capital raising
Apr 17
Vodafone tackles FIFA World Cup with $5 roaming in Brazil
Apr 17
Kim Dotcom says he's set to get assets back
More News
24 Apr
The China Healthcare ICT Conference 2014
05 May
CeBIT Australia 2014
06 May
Oracle Day 2014 - Across 2 Cities
06 May
Oracle Day 2014 - Across 2 Cities
View all events