Data#3 today forecast it would bring in around $19 million in pre-tax profit for its financial year 2012.
The results would represent a drop of approximately $3 million on the previous financial year. Data#3’s net profit before tax in FY2011 came in at $21.8 million, a 38 percent jump on FY2010.
The company said the result is consistent with a “long-term trend” which has seen its pre-tax profit increase each year since FY06, despite coming in below the 'unseasonably' high FY11.
The audited results will be announced on August 24.
“This is a very good result considering the difficult economic environment and the resulting tendency for our customers to delay major IT projects,” managing director John Grant said in a statement to the ASX.
The forecast falls follows a half year drop in net profit of almost 10 percent. Data#3 reported net profit after tax of $7.2 million, blaming “increasingly uncertain” customers in the hardware and project services markets.
Copyright © CRN Australia. All rights reserved.
Issue: 326 | April 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.