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:

Sponsored Content: Collaboration has become the new movement in IT. Servers will become an integral part of this industry transition. Click here to learn more.

Join the ARN newsletter!

Error: Please check your email address.

Tags business technology solutionsresellerData#3Richard AndersonJohn Grant

More about Australian Security ExchangeData#3Data#3

 
Computerworld
CIO
Techworld
CMO

Latest News

03:32AM
North Korea wants joint probe into Sony hack, warns of consequences if not
12:58PM
Staples says hack may have compromised 1 million-plus payment cards
10:46AM
Judge questions evidence on whether NSA spying is too broad
08:29AM
Twitter parody of North Korea's mouthpiece not afraid to crow over Sony's capitu...
More News
05 May
CeBIT Australia 2015
27 May
World Business Forum Sydney
View all events