Data#3 reveals cost of 'difficult' FY12

By on
Data#3 reveals cost of 'difficult' FY12

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.
Tags:

Most Read Articles

You must be a registered member of CRN to post a comment.
| Register

Poll

Which area of your business has the most room for improvement?
Sales
Marketing
Engineering/technical
View poll archive

Log In

Username / Email:
Password:
  |  Forgot your password?