Data#3 has announced that it will reward shareholders with a fully franked dividend of 7.5 cents per share after a strong operating performance.
With a full year net profit after tax of just under $2.26 million and earnings per share of 15.5 cents, total dividends represent about 65 per cent of profits available for distribution. CEO, John Grant, said the company was dishing out a "just reward" for those shareholders that stuck by the company during a difficult period.
Strong performance in the second half from the contracts previously operated by the failed joint ventures with Powerlan Qld (in administration) saw the full year ‘Powerlan’ loss reduce from the $2.1 million loss recorded at the half year, to about $1 million pre-tax for the year ending June 30.
Chairman of Data#3, Richard Anderson, said the Board was delighted to see the company once again in a position to declare dividends in line with the company’s objectives for shareholder return.
“Recent rises in the share price also mark a restoration of value that has been missing for some time and we look forward to this trend continuing,” he said.
Data#3 highlighted support from various channel partners such as Microsoft, HP, Tech Pacific and Ingram Micro, for allowing the company to exit the poor financial situation by December.
Full year dividends to shareholders will be 10 cents per share.