Data#3 to deliver $7.5m NPAT for 2014 financial year
Result heavily skewed to the second half of the year
Mike Gee (ARN) 17 July, 2014 09:05
A strong final quarter has boosted business technology solutions company, Data#3 Limited's net profit after tax (NPAT) for the 2014 financial year to about $7.5 million.
This is down $4.6 million on the company 's (ASX: DTL) 2013 financial year result of $12.1 million.
The figure represents a second half NPAT of approximately $4.9 million, following $2.6 million in the first half, and is consistent with previous guidance issued by the Data#3 to the ASX.
"A very strong fourth quarter has allowed us to deliver a solid result in a difficult market, producing a full year result that was heavily skewed to the second half," Data#3 managing director, John Grant, said.
Data#3 chairman, Richard Anderson, added, "Cash flow in the 2014 financial year was very strong, further strengthening the balance sheet. Subject to final audit we expect to maintain the dividend payout ratio in line with the previous year."
The board intends to announce the audited full year results and the final dividend on August 21.
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