Data#3 has raised its profit prediction for the full year 2012, forecasting a higher return thanks to ‘stronger than expected growth' in June, the company today announced.
It originally forecast about $19 million in pre-tax profit for the year, but today revised that prediction to $19.7 million.
Data#3 said the revised prediction was consistent with a “long-term trend” that had seen its pre-tax profit increase each year since FY06.
The company recorded net profit before tax of $21.8 million in the financial year 2011, a 38 percent jump on FY2010. This year's results were expected to come in below the 'unseasonably' high FY11.
The audited results will be announced on August 24.
Copyright © CRN Australia. All rights reserved.
Issue: 325 | March 2014
Access CRN's extensive online resources including; email bulletins, community discussions and unique online news.
Processing registration... Please wait.
This process can take up to a minute to complete.
A confirmation email has been sent to your email address - SUPPLIED GOES EMAIL HERE. Please click on the link in the email to verify your email address. You need to verify your email before you can log on to the CRN website or start posting comments on articles.
If you do not receive your confirmation email within the next few minutes, it may be because the email has been captured by a junk mail filter. Please ensure you add the domain '@crn.com.au' to your white-listed senders.