Data#3 revises profit forecast

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Data#3 revises profit forecast
Managing director John Grant.

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.

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