Data#3 profit tipped to soar for FY2015

Data#3 profit tipped to soar for FY2015

Subject to audit, net profit after tax (NPAT) is expected to be in the $10 to $11 million range

Australian business technology solutions company, Data#3, (ASX: DTL) has confirmed that, subject to audit, the net profit after tax (NPAT) for the 2015 financial year (FY15) is expected to be in the $10 to $11 million range.

This represents a growth of 35-45 per cent compared to FY14’s NPAT of $7.5 million.

This pre-audit estimate represents solid growth in the core Data#3 business, together with contributions from the acquisitions and investments made in the year.

“We are delighted to see the continuing strengthening in our performance in what remains a highly competitive market, and a particularly strong fourth quarter has allowed us to deliver a very solid full year result,” Data#3 CEO, Laurence Baynham, said.

Chairman Richard Anderson added: “Cash flow in the 2015 financial year remained very strong, further strengthening the balance sheet. Subject to final audit we expect to maintain the dividend payout ratio in line with previous years.”

The board intends to announce the audited full year results and the final dividend on August 20, 2015.

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Tags servicessoftwaresolutionssmbData#3business solutionsbusiness solutions provider

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