Data#3 expects a bumper full year profit

Written on the 11 July 2019 by Business News Australia

Data#3 expects a bumper full year profit

Listed IT services company Data#3 (ASX: DTL) is looking at a healthy FY19 result thanks to a strong Australian technology market.

The company has posted a trading update this morning where it anticipates a record full year result to come through when its final FY19 results are released.

Subject to finalisation of the Discovery Technology result, a company 77 per cent owned by Data#3, the consolidated net profit before tax for the 2019 financial year is estimated to be approximately $26 million.

The consolidated FY19 NPAT excluding non-controlling interests is estimated to be approximately $18 million, an increase of around 28 per cent compared to FY18.

"The pre-audit estimate reflects a strong performance in a growing technology market," says Data#3.

The board intends to announce the audited full year results and the final dividend on 21 August 2019.

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Business News Australia

 
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