DATA#3 TRADES AT 12-MONTH HIGH AS PROFIT GROWS

DATA#3 TRADES AT 12-MONTH HIGH AS PROFIT GROWS

DATA#3 expects net profit before tax to rise 30 per cent in the first half of FY17, meeting its guidance for the period.

The Brisbane-based business (ASX: DTL) expects to report $8 million NPBT, up from $6.1 million the previous corresponding period.

The number is consistent with the first half projection from the Data#3 AGM in November of $7-$8.5 million.

Consolidated net profit after tax is also expected to be up 30 per cent compared to the first half of FY16, compared to $4.3 million in the previous corresponding period.

"These pre-audit estimates represent solid performance by the core Data#3 business, strong growth in services and a modest profit contribution from Discovery Technology.

Data#3 bought a 62 per cent stake in Discovery Technology in July 2014 and plans to take full control of the business by the end of this financial year.

The company is trading up 7.27 per cent at $1.770 per share this morning, which is a 12-month high.

Overall, last financial year Data#3 reported NPAT of $13.8 million (up 30.4 per cent) on $983.2 million revenue (up 13 per cent).

Data#3 expects to report its audited interim results and dividend on 22 February.

Business News Australia

Help us deliver quality journalism to you.
As a free and independent news site providing daily updates
during a period of unprecedented challenges for businesses everywhere
we call on your support

How communications technology can raise the bar on customer service, employee experience
Partner Content
From capturing feedback early to providing messages with a higher rate of cut-through, ...
Advertisement

Related Stories

Apollo to divest large share of motorhome fleet to get Tourism Holdings merger over the line

Apollo to divest large share of motorhome fleet to get Tourism Holdings merger over the line

In an effort to appease Australian and New Zealand regulator concer...

Dexus awards John Holland building contract in $2.1b Waterfront Brisbane project

Dexus awards John Holland building contract in $2.1b Waterfront Brisbane project

After securing an $830 million contract from Dexus (ASX: DXS), Melb...

QLD to launch Star Entertainment review in July as former judge appointed to probe casino operator

QLD to launch Star Entertainment review in July as former judge appointed to probe casino operator

Casino operations that account for more than half of The Star Enter...

Collection House calls in administrators: Was Volt collapse the spark?

Collection House calls in administrators: Was Volt collapse the spark?

A recapitalisation plan has failed to save debt collector Collectio...