Menu
Data#3 sees sustainable growth in H1 FY16

Data#3 sees sustainable growth in H1 FY16

Revenue and net profit up in first half

Data#3 CEO, Laurence Baynham

Data#3 CEO, Laurence Baynham

ASX-listed Data#3 (ASX:DTL) has experienced sustainable profit growth as it continues its shift towards services for the first half of FY16, ending December 31.

Revenue rose 12.6 per cent to $457.5 million and net profit was up 19.2 per cent to $4.3 million on the previous half-year.

“Data#3’s performance both in increased profit and continuing strong cash flow allowed a 19 per cent increase in first half dividend to 2.5 cents per share, and provides shareholders with a growing dividend return as part of overall shareholder value,” Data#3 chairman, Richard Anderson said. “It has allowed us to fund the investment we have made in Discovery Technology without requiring borrowings.”

Product revenue was up 12.6 per cent to $371.1 million and services revenue lifted 12.9 per cent to $85.6 million.

Data#3 CEO, Laurence Baynham, said the company continues to see a trend towards Cloud-based services, which he was confident in Data#3’s position to fulfil customer requirements.

“Our first half performance and pipeline of opportunities provides a solid foundation to achieve our objective of improving on the company’s 2015 full year profit,” Baynham said.

Data#3 was trading at $1.10 at the time of publication.



Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags Data#3Richard AndersonLaurence Baynham

Show Comments