ASX-listed ICT provider, Data#3 (ASX:DTL) is anticipating better than expected results for the financial year ending June 30.
The company is forecasting total revenues to reach at least $599 million, up 13 per cent from the previous year.
Earnings before tax are expected to range between $14.3m to $14.7m. Compared to the previous financial year, revenue was $530.5m and earnings before tax were $13.4m.
Data#3 chairman, Richard Anderson, said the company experienced positive development in all geographical areas of its operations.
“We’re particularly pleased with our expanded operations in South Australia and Western Australia, but also increased business in NSW and Victoria. Those moves are paying off for us,” Anderson said. “We’re budgeting for further improvement in the business and we hope to continue the good run that we’ve had for quite a number of years now.”
For the first half of FY10, revenue totalled $306.7m and earnings before tax were $6.4 million.
In a statement, managing director, John Grant, said the second half performance had exceeded earlier guidance.
“At the half-year we expected a more difficult second half and advised that our objective was to at least equal the earnings result of the previous year,” Grant said. “We’ve managed a particularly strong finish to the year. While the auditors still have to complete their review, we anticipate our full year profit after tax will be up around 11 per cent on the previous corresponding period.”
At the time of publication Data#3 shares were trading at $8.38