Data#3 to deliver $7.5m NPAT for 2014 financial year

Result heavily skewed to the second half of the year

A strong final quarter has boosted business technology solutions company, Data#3 Limited's net profit after tax (NPAT) for the 2014 financial year to about $7.5 million.

This is down $4.6 million on the company 's (ASX: DTL) 2013 financial year result of $12.1 million.

The figure represents a second half NPAT of approximately $4.9 million, following $2.6 million in the first half, and is consistent with previous guidance issued by the Data#3 to the ASX.

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

Data#3 chairman, Richard Anderson, added, “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 August 21.

Read More:

2015 State of The IT Channel Survey : IT'S TIME!!! Fill in this year's State of the IT Channel Survey and be in the running to win great prizes. CLICK HERE

Join the ARN newsletter!

Error: Please check your email address.

Tags resellerbusiness technology solutionsData#3Richard AndersonJohn Grant

More about Australian Security ExchangeData#3Data#3

Show Comments
 

Latest News

11:43AM
'Do Not Call' spam phone call legislation passed
10:26AM
HubOne lands its first channel partnership in Australia
09:18AM
Metadata laws pass parliament
06:40AM
Can Facebook cement its role as a platform provider?
More News
30 Mar
Australian experts to address cybersecurity challenges and solutions at Canberra...
21 Apr
APJ Progress Spark Conference
22 Apr
2015 Innotribe Startup Challenge
27 Apr
Disruptocon
View all events