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 P2C can help retailers maintain brand loyalty amid the supply chain crisis
Partner Content
With the ongoing supply chain crisis expected to continue throughout 2022, retailers ar...
Productsup
Advertisement

Related Stories

ACTU claims free test request "reasonable", but employer body deems strike threats inappropriate

ACTU claims free test request "reasonable", but employer body deems strike threats inappropriate

With workplaces nationally fighting fires across multiple fronts as...

Consumer confidence drops to lowest level since October 2020

Consumer confidence drops to lowest level since October 2020

Consumer confidence usually rises in January, but not this year as ...

Australian-owned Rhythm Japan acquired by leading North American snowsports retailer

Australian-owned Rhythm Japan acquired by leading North American snowsports retailer

Rhythm Japan, an Australian-owned Japan-based snowsports retailer, ...

Deloitte forecasts 5.2 per cent lift for Australian business investment in 2022

Deloitte forecasts 5.2 per cent lift for Australian business investment in 2022

The Australian economy is expected to grow by 3.6 per cent in 2022 ...